In our recent presentation we stated Mt Keith as
1,900m x 400m and I assume 300m deep
We also stated that Mt Keith was 643.7Mt at 0.58% NI
This is rough but to test that if we use 1,900m x 400m x 300m x 2.7 I get roughly 615.6Mt so very close to our presentation of 643.7Mt
We believe we have area already of 1,600m long and we also stated that any future drill out is looking for > 500,000 tonnes of Ni at cut off > 0.25% in the top 200m to 300m. At only 500,000t and using just AUD $30,000t we could have already AUD $15b in ground value.
I think our MD is being conservative at 500,000t.
If the hole we just started drilling now MTP024 joins up with MTD023 and MTD020 then we have another area of about 1,600m as well meaning of the 5km length we could be looking at 3.2km mineralised.
NEXT HOLE AND ADDITIONAL PLANNED HOLES
The rig has now moved to the east and has commenced drilling planned hole MTP024 (that will become
MTD026 upon completion). Hole MTP024 is located approximately halfway between holes MTD023 (EIS1) and
MTD020. Both of these holes showed extensive intersections of disseminated sulphide mineralisation, with hole
MTD020 being the first significant occurrence during the Phase 1 drilling program. The hole will attempt to test
the footprint of this mineralisation across the body of the complex.
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In our recent presentation we stated Mt Keith as 1,900m x 400m...
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