The grade so far improves towards the East from the mother hole...

  1. 6,524 Posts.
    lightbulb Created with Sketch. 1381
    The grade so far improves towards the East from the mother hole which means as the fault-line is approached according to their schematic. Reasonable assumption is that the fault is acting as a fluid pathway. However on the other side of the fault, the historical holes as shown in the schematic did not show significant copper. Whatever, at these depths of 800 - 900+ metres, the mineralization will only be economic if much longer intersections of bornite/chalcocite are encountered. The blebby and disseminated nature of the chalcopyrite, being a less rich copper grade, although extending over longer intersection lengths than the bornite seen so far, is pretty much a side show and uneconomic at these depths. Bornite/chalcocite is the Holy Grail and much longer intersections are required as with other mined IOGC systems. Across the fault line the copper is minimal, so I guess its a question of how the bornite shapes up as the drill approaches the fault zone to its East.
 
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
8.7¢
Change
0.002(2.35%)
Mkt cap ! $21.71M
Open High Low Value Volume
8.8¢ 8.8¢ 8.6¢ $5.274K 60.55K

Buyers (Bids)

No. Vol. Price($)
1 6100 8.2¢
 

Sellers (Offers)

Price($) Vol. No.
8.8¢ 101574 2
View Market Depth
Last trade - 14.52pm 17/06/2025 (20 minute delay) ?
COD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.