722,000 tonnes @ 1.31 g/t Au for 30,500 ounces, with 22,100 ounces classified in the indicated mineral resource category.
Grade is too low to truck the ore to Youanmi and unless they find a lot more 22,100 ozs is far too small to cover mine establishment costs.
The depth is becoming a problem too, normally UG mining needs 5 g/t. So the AISC margin will be smaller than $1,000 oz Au.
Also, the mine gate sale agreement is far from certain and Rox is planning a small 480 ktpa mill for high grade ore. Thee is no spare capacity so Rox won't want to process low grade Bellchamber's ore. Matty negotiated a good deal for Venus (and Rox) but this is pie in the sky imo
722,000 tonnes @ 1.31 g/t Au for 30,500 ounces, with 22,100...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $21.57M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $5.453K | 48.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9294 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 2159 | 1 |
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| Last trade - 10.35am 25/07/2025 (20 minute delay) ? |
| VMC (ASX) Chart |