For those that are interested, Proactive YouTube video (8 minutes long) from yesterday, Dr Chris Giles gives the business case for the company's Mutooroo project, where a recent drilling program confirmed copper-cobalt lode extensions and hit relatively high-grade mineralisation at the Mutooroo deposit. Dr Giles says there's more to explore in the Mutooroo Project Area.
Mutooroo Project - in ground value, at spot US$ prices
Note: grades in table are for the sulphide resource category.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 1 2 3 4 US$ spot metal price Grade US$ 5 Copper (tonnes) 9,728 1.53% 195,999 1,906,655,879 54% 6 7 Cobalt (tonnes) 72,000 0.16% 20,200 1,454,400,000 41% 8 9 Gold (ounces) 1,843 0.20 g/t 82,100 151,310,300 4% 10 11 3,512,366,179
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts
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