Hey Kerry. Management are excited for a very good reason and if you think DeGrussa is good just wait till we get a good look at Nil Desparandum
(Nothing, is to be despaired of—that is, never despair, or never give up.) Ernest Henry just up the road is 3 times bigger than DeGrussa. Carapateena is 9 x bigger than DeGrussa. It was 760 million tonnes at 0.78% Cu and 0.3 g/t Au. Both Ernest Henry and Carapateena are IOCG's.
Olympic Dam and Oak Dam West are neighbours to Carapateena. Olympic Dam Dam is a resource that contained 3.8 billion tonnes of Ore at 1.1% Copper. It as an absolute behemoth. A monster size orebody.
Oak Dam West is 65 kilometres from Olympic Dam and it is also a whoppingly large beast. Intersections included a standout 205m at 2.04% copper and 0.43 grams per tonne gold from 1,247m, including 44m at 5.77% copper and 1.2gpt gold. They are extraordinary numbers.
With copper valued at around $13,000 AUD a tonne I am confident but not certain that there will be more than one billion dollars worth of Copper and Gold in the ground at Nil Desperandum. When the drill bit gets whirring we will then find out whether a single digit, double digit or triple digit number goes in front of $B. 2022 will be a BIG year.
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Hey Kerry. Management are excited for a very good reason and if...
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