Certainly possible, albeit that was probably at a lower cut-off grade. At 0.5% cut-off, the initial resource was 40.4m at 0.78%.
Overall, it's nice to see that there is plenty of more Ni in the ground that could potentially increase the already modest mine life. Once the price of nickel goes even higher, the resource can be simply recalculated at a lower cut-off %.
Ann from 2019:
https://www.asx.com.au/asxpdf/20190829/pdf/447zwn9z4998f0.pdf
Ann: Jaguar Drill Results Highlight Exceptional Growth Outlook, page-29
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