I suggest expanding the photo of the copper sulphides...

I suggest expanding the photo of the copper sulphides (chalcopyrite) from Nil Desperandum to about 500% and then look at the percentage chalcopyrite. It has got to be in the 40-60% chalcopyrite range. This would put it at 13-20% Cu. Similar to other one metre intervals at Nil Desperandum and Mount Birnie. So lets say there are 4m of this over the 20m in NLRC017 and the usual 1-2% Cu in the remainder it should put it at: 4x13 + 16 x 1 = 68/20 = 20m @ 3.4% Cu. NLRC001 is going to be similar to the previous mineralisation, say 25m @ 1-2% Cu.

I am not sure if this will have any effect on the market but I think the programme will be a real success by the time we have all the drill results in. The zones above 3-4% Cu tend to have high gold grades, so a nice bonus during mining.

The right hand cross section for Mount Birnie shows what these kind of intersections look like downhole, I think the Nil Desperandum NLRC017 results will look like the 11.7m @ 7.1% Cu from Mount Birnie, over 20m though. The distribution is very typical with 1m @ 23.2% Cu, 1m @ 12.4% Cu, 1m @ 12.2% Cu and 1m @ 18.4 % Cu in that 11.7m @ 7.1% Cu. Unfortunately there is a label error on the cross section. This intersection is actually DDH03 whilst DDH06 is the one that has the 13.0m @ 3.3% Cu. CNB have corrected this in all future documents but this is the only revealing cross section that I can use.

Nil Desperandum has great tonnage potential and will grow with further drilling.


As ever DYOR, not investment advice (the market might not react even if this is all accurate) and JORC resources are assets, everything else is exploration potential.