You won't find much other than resource reports and details of...

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wombat777

11,249 Posts.

29635

20/09/20

21:42

Post #: 47488073
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Originally posted by 1%aday ↑

I have been going through ADN's announcements and found that MINOTAUR EXPLORATION LTD (MEP) were the previous holders. I haven't located their initial tests yet. It would be great to see their initial testing/sampling and subsequently their progression in quality , grade, size etc. I'm not suggesting 3 samples are sufficient to define a resource and I'm not trying to compare apples with oranges. The question obviously is the potential. I admit I didn't know anything about brightness and it's significance. So lots of learning needed , hopefully by the time we start drilling I'll know exactly what to look for. Thanks for the pointers mate, I really appreciate your time on this one. I hope we can get your opinion once we start getting assays etc. Cheers

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You won't find much other than resource reports and details of pilot work done by MEP. JORC standards weren't improved until 2012 and so announcements of that era were very light on detail. For ADN though it is all the modern drilling and assays and independent resource analysis that matters.

I think the impurities and the poor brightness are the main problem with the deposits in WA. It impacts the likely prices and also impacts the cost of processing so margins ultimately get squeezed. There is another factor called yellowness that also affects pricing.

LRS Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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