AVZ 0.00% 78.0¢ avz minerals limited

Ann: Initial mineral characterisation results positive for Manono, page-38

  1. 9,112 Posts.
    lightbulb Created with Sketch. 17856
    The key is the term 'homogenous'.  I am also suspecting that they think the pegmatite itself at Roche is 'uniform'.  Basically as a result they don't think they need the 50 metre to 100 metre spacing to define a measured and indicated resource, so in another words they plan to have less drill cores but still believe they will comply with the JORC code.

    As I said in the past, noone mines on 'inferred' but mines on 'measured and indicated' so this announcement has probably reduced the timeline to define a JORC given the term 'homogenous' and the likely concept of 'uniform' (although not specifically stated) meaning less drill cores  in that area to prove up a resource.  Or another way to put it they are expecting the drill core results around that area to be similar to the drill core they previously reported to market.  All IMO
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.