AMI aurelia metals limited

Ann: Grant of Mining Lease for Federation Project, page-36

  1. 35,471 Posts.
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    No but the OVM looks ok , based on your perceptive Au eq way of looking at it , comes in around 1000 Ounces per Vertical Meter , which means decline/drive development costs are likely manageable .
    yes should look at drill results , but did that with CNB early on , and got slaughtered today on the MRE results have to look at true width not just the intercept width and dilution .
    Also here 7 grams a tonne Au eq is probably more like 6 gram Au in the bar , as recoveries from a polymetalic deposit are inherently lower total recoveries than a pure gold play through CIL processing .
    G1A is pushing out Lead at around break even of 2 grams a tonne Au eq with a similar UG scenario to this but less poddy , so this should be profitable .
    got to go out now
    Last edited by plough: 27/10/23
 
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