For Victoria Gold's 2016 Feasibility Study only 67% of the Resource was included in the Reserve.
NVA's planned Feasibility Study will be NVA's first cut Feasibility Study.
Victoria Gold in 2016 had 3.96 Moz M&I in the resource.
Victoria Gold in 2016 had 2.663 Moz M&I in the reserve.
So 67% of the resource converted to reserve.
Their recovery was 72.9% for Heap Leach. Ounces produced and in the mine plan worked out at 1.884 Moz (70.7% of the Reserve), whereas 72.9% recovery would imply 1.941 Moz contained gold in the mine plan. The difference is probably mining dilution.
I think for Estelle we need to assume perhaps no more than 67% converted to reserve (conservatively 60%).
From the recent announcement overall recovery from RPM will be around 88.9%.
The Scoping Study Phase 1 had 88.6% recovery for the Korbel deposit.
I would then shave the result by at least 5% for dilution.
So calculation becomes:
LOM ounces produced = Ounces in Resource x 60% (assumed Resource to Reserve) x 88% (assumed Recovery ) x 95% (assumed mining Dilution)
Note - Victoria Gold's 2016 Feasibility Study is no longer on their website. I have a copy but it is 35MB so can't upload it here.
- Forums
- ASX - By Stock
- NVA
- Ann: Nova Hits 78m @ 16.0 g/t Gold Within 258m @ 5.1g/t at RPM
Ann: Nova Hits 78m @ 16.0 g/t Gold Within 258m @ 5.1g/t at RPM, page-108
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVA (ASX) to my watchlist
|
|||||
Last
15.5¢ |
Change
0.003(1.64%) |
Mkt cap ! $37.75M |
Open | High | Low | Value | Volume |
15.3¢ | 15.5¢ | 15.0¢ | $15.88K | 102.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45773 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45773 | 0.150 |
3 | 108634 | 0.145 |
4 | 252000 | 0.140 |
3 | 67000 | 0.135 |
7 | 131468 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 100000 | 1 |
0.165 | 22000 | 2 |
0.175 | 10000 | 1 |
0.180 | 27701 | 3 |
0.185 | 10555 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
NVA (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online