NVA 0.00% 20.5¢ nova minerals limited

Plan is to actually bring in a DD soon. Hence the placement and...

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  1. 11,249 Posts.
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    Plan is to actually bring in a DD soon. Hence the placement and SPP. They will keep poking around in the meantime with the scout drill in order to determine where the near-surface mineralisation is. This will also help target a deep-drill.

    Remember that it is ore near-surface that helps to reduce strip ratio and improve economics.

    I was playing around with economics of open pit and underground operations - just to get a feel for how the numbers work out. Although I need a bigger underground operation for comparison.

    Numbers are rough .. but hopefully right ballpark for a comparison.

    Intent is to show that large low-grade open-pit operations can be very economic ... but low strip ratio helps to reduce that amount of waste and overburden that needs to be moved.

    @Davisite - this would interest you.

    Screen Shot 2019-07-05 at 5.57.05 pm.png
 
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