So this is what the ASX made them retract.
Vermiculite mineralisation on ML 4651 occurs within an approximately 34m thick sub-horizontal tabular zone and is derived by weathering of phlogopite within coarse-grained to pegmatoidal pyroxenite. The vermiculite mineralisation has been identified to extend from surface to a depth of between 45m to 55m. Current open pit mining operations are focused on a single deposit approximately 1.0 km2 and to a maximum depth of 35 m, with bench heights of 2.5 m. Vermiculite mineralisation is excavated using conventional earthmoving equipment including excavators, front end loaders, bulldozers and tipper trucks. Vermiculite ore from the ROM bin is conveyed to a magnetic separator which separates magnetic minerals (predominantly magnetite) from the vermiculite-bearing non magnetics. The magnetite is discarded on a separate waste stockpile. The non-magnetic, vermiculite-rich ore is then fed into a rotary dryer where the moisture content is lowered from an average +9% to less than 5%, which will allows the material to pass over screens without excessive blinding.
You might have notice that the outrageous claims of potential ore mine targets are also gone.
The ASX is all over them. Give the players and ASIC has and may well still be. Investigating BMZ.
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