6.9km out of possible 15km (46% of total strike) tested for Inferred Resource of 23Mt @ 1.3 g/t Au-eq (at today's PGE+Au prices).
PGE recoveries are major issue in determining future economics (70-80% in bedrock) and mining approvals will be challenging in this region.
Global exploration target is ~50Mt @ 1.3 g/t Au-eq to 100m depth (2.1 Moz Au-eq) with strip ratio likely to restrict open cut mining reserves to <80m depth.
Copper "resource" and 200m deep exploration targets are furphies.
Will stay in the ground for another 25 years me-thinks.
P
Ann: Parks Reef Resources grow 54% to 1.14 million ounces, page-3
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