As I understand it at least 16 holes drilled (at Roche Dure) not currently in this Jorc increment. So in early Jan expecting decent bump up again in Indicated/measured.
Seems to me the instruction from mgmt was to put out the interim update for the AGM and expected scoping updates. Personally I was expecting a Jorc update ann in late Dec instead of a two part upgrade now and in Jan 2019. No problem. I suspected they needed around 100mt measured (190mt Measured/indicated) to support the ann due mid Dec to support the 5 and 10mt scoping anns shortly.
On the face of it 400mt of inferred is a big step up but it is the indicated and measured that will bring the value via increased certainty.
So Before (Maiden JORC)
After (Todays update)
So essentially 190mt combined measured/Indicated which will be upgraded again in Jan.
As a side note AVZ's original target statement for Roche Dure alone was approx 400mt from memory (of the 1.2bt overall target the entire project) this 400mt looks like it will now be easily exceeded. If its scale and blue sky that the Chinese seek then I believe we can now say that we have both... the deposit has verifiable scale and quality and will get bigger and more certain from here no doubt.
Focus now quite rightly shifting to Feasibility ...as extensional drilling takes a back seat
