Ok, thank you very much for the clarification, and it kinda makes sense, but why didn't the company just say "full details of these scoping studies, and in particular the financial estimates cannot be released until the resource has been upgraded to a Measured and Indicated status"?
Second paragraph:
"This next phase of study can be undertaken once the DSO in-fill drilling assay results have been received and incorporated into an updated Mineral Resource Estimate, which is anticipated to define the DSO tonnage and grade in better than inferred category. This is expected to be completed in April 2023."
My interpretation of this sentence was "the next phase of study would be Pre-feasibility level of studies (PFS)", because later in the announcement the company says
"The AKORA Board is then planning that with the information contained within the Scoping Study and an upgraded DSO Mineral Resource Estimate that a Pre-feasibility Study on the Bekisopa DSO project will be undertaken."
Surely details around the equipment needed and the suitability of the roads to transport 2Mt (or more) of ore are not dependent on the resource being of a M&I status.
I know Paul and the company are more eager than anyone else to get this project going, but a server lack of details and multiple references to "fast tracking Satrokala" do not paint a positive outcome as raise more questions than anything else.
AKO Price at posting:
20.0¢ Sentiment: None Disclosure: Held
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