RNU 0.00% 12.0¢ renascor resources limited

The additional point that I should have made in better clarity...

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    The additional point that I should have made in better clarity for those from a non-mining background is that the material in the rectangle section below (Where we have recently drilled), we already planned to mine this section in the 2019 / 2020 studies. So the costs of clearing, drilling, blasting, excavating, hauling etc were already accounted for.

    Because this area was classed as Inferred resources, we had to treat it as waste when really we knew all along it was Ore wink.png

    The benefit with the additional drilling is now we get to treat it as Ore, our costs of mining don't go up because we already accounted for it (we just need to process the ore now) and MOST IMPORTANTLY our Strip Ratio now decreases, as this additional tonnage is no longer waste, but is now Ore.

    Strip Ratio comes down, Ore Reserves Go Up, Costs per tonne go down, overall financial metrics in the BAM Study Go Up, LOM goes up biggrin.png

    *** A question I was asked this morning on Twitter, No I do not work for or consult to Renascor. I am a Mining Engineer and this is pretty much what I would have done to get some quick wins and additional Ore Reserves (Which is why I wrote about it in detail over the previous 4-5 months)

    https://hotcopper.com.au/data/attachments/4433/4433759-7165fd0aeeef016e09fdd6f51e848c0d.jpg


 
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