Ann: Latin Resources raises funds to advance Yarara Gold Project, page-18

These still have very high content of impurities. It's the impurities that are the problem as it drives up both the CAPEX and OPEX necessary to remove the impurities to a level where you have a marketable product.

It's the -45 fraction that is important.



These are just 3 samples. 100s, if not 1000s of assay samples are required to define a resource.

Then looking at brightness from the same report, brightness is just 72.



ADN at the resource level has a brightness (reflectance) at the resource level of 82.2. To achieve an average brightness of 82.2 at the resource level a lot of assays need to be in the 90 ballpark.


ADN's premium grade product will be sold with a brightness of of 90. It's the reason they will be able to achieve strong pricing and margins.