Ann: KSB Project Scoping Study Update, page-2

It's a smear - Why no top cut Wellman?

Essentially we have 0.9m of ultra high grade smeared across 27.35m of moderate grade.
If we look to remove just that 0.9m at 549.9g/t we are left with
26.45m @ 340.906 gram metres or
26.45m @ 12.89g/t - which is awfully close to the historical twin hole.

Lets look at the star intercept 27.35m @ 30.56g/t
Without the grade having a top cut (the honest way) the the highlighted 0.9m @ 549.9g/t is smeared nicely into a grade boost for L66K2DD004 - which itself is a twinned hole of KS/HL-2. The historical hole lacks grade of both gold and cobalt in magnitudes compared to DD004.
0.9 / 27.35m = 3.3% of length of intercept reported
27.35m x 30.56 = 835.816 gram metres
0.9m x 549.9 = 494.91 gram metres
494.91 / 835.816 = 59.2% of reported intercept in gram metres








Smeared dog shit company.
The quarterly should show how close to cap raise this is.