To Catweasle:
Below is a rough rule of thumb. OGX are starting up without a JORC compliant resource so no idea if TYX will try the same. The TYX drilling has also been quite shallow (~50m average). Assume TYX (if they manage to put an inferred resource together may give it a shot to mine as they will toll treat at their neighbor's facilities and don't need to construct all this infrastructure themselves). It requires a lot of additional drilling and work to move the resource from Indicated to Measured. I suspect TYX will not want take it all they way to a JORC compliant Resource as it may fall over more easily.
- Measured Resources lie in areas where drilling is available at a nominal 25 x 25 metre spacing, Indicated resources occur in areas drilled at approximately 25 x 50 metre spacing and Inferred resources exist in areas of broader spaced drilling
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To Catweasle: Below is a rough rule of thumb. OGX are starting...
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