Ann: March 2023 Quarterly Activities Report & Cash Flow Report, page-8

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Lombard1

766 Posts.

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28/04/23

18:17

Post #: 67514716
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Originally posted by Eggboy: ↑

I must confess to loving this bit too:

The uppermost, relatively shallow intersection of mineralisation seen between 118m to 196m depth (78m at 0.28% Ni from 118m, including 20m at 0.38% Ni from 176m) is particularly interesting given it appears to correspond well with similar mineralisation at this depth seen in holes MTD012 and MTD022 approximately1,600m apart.

I know we knew this......but just to reiterate.....That's (potentially) an ~80m deep 'slab' of 0.28-0.38% NI that runs for a length of 1.6km - and its not even 200m below the surface, with the first 70m of that being sand!!

If anyone here is from or knows Melbourne - let me share this - if you get off a train at Flinders St station and walk to the MCG......you still have another 300m (25% of your walk) to go, to have walked the length of this 'slab' of mineralisation......and that's just what they have found so far!!

I ain't done the math, or confess to understandning the viability, cause I'm not that smart, but no wonder CM and the team are keen to define this part of the resource for someone to consider digging it up lickety-split!!

EB

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Based on that you could calculate something along the lines of 1,600m x say 500m width x 100m deep x 2.7
is 216mt at 0.25% Ni = 540,000t Ni

The company stated recently a drill out target of >500,000t Ni so this rough area and calculation matches that.

WMG Price at posting: 68.5¢ Sentiment: Buy Disclosure: Held
19 Upvote

1 Great analysis

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