VMM

10.6%

78.0¢ viridis mining and minerals limited

Hello. Generally the surface grade is lower. Its just the grade...

First 51 Last

Share
Profile

Follow
GKeden

2,526 Posts.

156

08/05/24

12:31

Post #: 73723998
Share

Originally posted by Paul7890: ↑

My calculations to date from the weighted average grades of all drilling I have been able to compile to date (excluding todays announcement) have Cupim South as the highest grade area. If your numbers differ to mine let me know on this. I will assume your numbers are correct. MEI's various deposits ranged from 2300ppm to 2900ppm in the MRE.

Grades can differ a lot over a small area. For example CS-AG-36 an Auger hole in Cupim South had a 6067ppm to 10m depth. CSDDH08 which is either 15m or 25m away depending on which set of numbers you use from VMM (I've seen two lots of coordinates for this hole), goes down to 28m and has an average of 2410ppm. I agree with you that in an ideal world the entire hole is 6000ppm, but in this case 2400ppm is still very good, and the higher grade being towards surface is a huge positive. This is just a random example from Cupim South.

It seems the high grade at Cupim South may be the top 10m with the 'low' grade being deeper. I'm sure you are correct about the north east, there will be high grade pockets all over the place.

830.464/1982 is 7.8 square kilometers in itself. If they drill the entire tenement to 20m (being generous here), 1.4 specific gravity which I think is roughly accurate? Thats over 200Mt in this tenement alone?

So I'm not just focused on the individual holes here, the market wants to see a huge MRE and this very large tenement which I've just confirmed they have almost finished drilling, is significant to me.

In general I have seen from your previous posts that you are focused on the high grade 4000ppm+, and I'm sure that will reveal itself in the MRE

Expand

Hello. Generally the surface grade is lower. Its just the grade has been varied due to location of drill holes. VMM simply need to twin the augur holes with RC and the RC average grade should increase. Anyway, Cupim South is a massive area. I guess 400 million tonnes in terms of the area.

Last edited by GKeden: 08/05/24

VMM Price at posting: $1.50 Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

There are more pages in this discussion • 37 more messages in this thread...

First 51 Last

Add VMM (ASX) to my watchlist

(20min delay)
Last 78.0¢		Change 0.075(10.6%)		Mkt cap ! $50.11M

Open	High	Low	Value	Volume
70.5¢	78.0¢	70.5¢	$84.05K	114.2K

Buyers (Bids)

No.	Vol.	Price($)
1	50	76.5¢

Sellers (Offers)

Price($)	Vol.	No.
78.5¢	4900	1

View Market Depth

No.	Vol.	Price($)
1	50	0.765
2	4000	0.750
1	10000	0.745
2	95000	0.740
2	30000	0.730

Price($)	Vol.	No.
0.785	4900	1
0.790	475	1
0.800	2500	2
0.820	15000	1
0.825	12279	1

Last trade - 16.10pm 26/07/2024 (20 minute delay)

VMM (ASX) Chart

Hello. Generally the surface grade is lower. Its just the grade...

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Hello. Generally the surface grade is lower. Its just the grade...

Top Stories

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News