Okay, let's be optimistic:Area of the undrilled non-magnetic,...

  1. 53 Posts.
    lightbulb Created with Sketch. 62
    Okay, let's be optimistic:

    Area of the undrilled non-magnetic, gravity high = 700 x 400 metres (MGD 55 grades are sub-economic at those depths)
    Thickness of mineralised zone = 50 metres
    Average density of IOCG deposit mineralisation in the Gawler craton = 3.3
    Total tonnage = 46 Mt

    Depth to top is 800 metres
    Deposit morphology (based on presented drill section) = flat-lying
    Mine type = ?room and pillar (high cost)

    My guess is that they will likely need an average grade of >2.5% Cu to make this economic

    Any mention of whether they are getting high cps readings from a portable scintillometer?

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
8.3¢
Change
-0.004(4.60%)
Mkt cap ! $20.71M
Open High Low Value Volume
8.5¢ 8.7¢ 8.2¢ $7.627K 88.47K

Buyers (Bids)

No. Vol. Price($)
2 15052 8.1¢
 

Sellers (Offers)

Price($) Vol. No.
8.7¢ 11111 1
View Market Depth
Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
COD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.