WA8 warriedar resources limited

Ann: Ricciardo Delivers Australia's Largest Open-Pit Sb Resource, page-277

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    Hi Wayne, I'd adjust my expectations slightly to avoid disappointment. The current drill program is highly unlikely to grow Ric resource by 1 million ounces. That will require a much larger program than is currently planned. The main purpose of the current program at Ric is resource definition.

    What does that mean?

    Simply, the strategy is to fill in the resource confidence gaps left over from previous drill campaigns particularly both within and around the higher-grade zones of the Ric deposit. This could, with a little luck of course, increase grade (as the higher-grade domains are more accurately outlined) and tonnage (increase in volume of ore bearing rock around previous drill gaps) of the Ric global resource, however the main game is to increase the level of indicated resource to assist in future mining studies.

    Another upside from current campaign is the potential for improvemed confidence in both the scale and grade of the underground portion of the Sb/Au mineral resource estimates for Silverstone/Ardmore.

    I know WA8 are also eager to partake in some resource expansion drilling down dip of both Ardmore and Silverstone. If they hit pay dirt significantly below Ric current MRE outline strap in because that would be very market sensitive outcome.

    Keep an eye out for Windinne Well drill results Wayne. IMHO WW is the obvious choice of deposit for any future toll treating campaign. WW is BIF hosted meaning it sits within rock that has an elevated iron ore content. Gravity and magnetic surveys are shows WW sits within a greater than 3.5km long BIF anomaly, WW current resource strike length outline is only 900m in length meaning they have literally only adequately drilled approximately 1 quarter of the distance along the anomalies entire strike length.

    Last thing of note, WW contains course gold aka visible gold. Any VG in the core could be a game changer IMO (think SPR).
    https://hotcopper.com.au/data/attachments/7005/7005622-c88d8d3ab82fe11ee2de401a346a909e.jpg


    https://hotcopper.com.au/data/attachments/7005/7005576-1fd7df562c5a31e68734f6d9eb17769a.jpg


 
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