Yes, and whilst reserves and resources are very different things, and the difference between a resource and a reserve in many established mines is a couple of hundred thousand dollars of drilling and assaying.
I would suggest you refer to the Diggers and Dealers video for AngloGold Ashanit to see a detailed presentation and understand the prospects of the Tropicana mine.
Any claim that RRL only purchased 0.8m oz of gold for $900m with zero upside is completely disingenuous.
Ann: Quarterly Activities Report, page-88
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