Ann: Potash Resource Upgraded by 470%, page-2

It’s a bit tricky to see where the improvements are.
The original estimate talked about the 0.4-2.7M & 0.4-6M yields.
This was their trenching zone then.
Now they are talking UZT 0.5-3, UZD 3-11.
The PFS also talked about 0-11M.
Compared to the PFS the 0-11M drainable resource has gone up and they have defined yields for 2 layers as per the original resource estimate.
The specific yields in the top 3M aren’t as good as the maiden resource estimate (11% v 12.51%).

I am sure they would have liked the total drainable resource to have surpassed LD. Better grades and yields at LD mean the much smaller lake has a larger drainable resource.

Any thoughts about the Northern Territory zone? Likely to be too environmentally sensitive or is it NT bureaucracy?

Will be interesting to see if DFS changes much.