AUC 1.98% 51.5¢ ausgold limited

Ann: Settlement completed on freehold properties at Katanning, page-48

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  1. 9,064 Posts.
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    Actually the ore reserve was based on the original PFS - it was based on a resource at the time of 2.16Moz and using a pit shell of A$2,200.

    Resource now stands at 3Moz and gold price has moved significantly. If you use a pit shell of even $2,500 + the increased resource (M+I is at 2.4Moz) I will be personally surprised if the revised reserve that forms part of the DFS is not >2Moz.

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