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Ann: Siviour Drill Assays Highest Grade Graphite to Date, page-33

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Novacastrien

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06/07/22

11:10

Post #: 62396031
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Originally posted by bombersmadd: ↑

Not a bad announcement to bring me out of hibernation (On Holidays at Present). Thick intercepts of up to 45m, shallow (at surface) and continuation of current mineral resource area.

I particularly like the couple of holes we plugged in a few 100 metres to the south that came back with a 17m intercept (Massive exploration potential in 12-18 months time if the company wishes to embark on a whole of tenure 30-50,000m drill campaign once siviour is on its way in construction

- Current Resources sitting at 87.4Mt (I expect that will increase towards 100Mt following the recent in-fill + step out drilling)
- Most importantly the volume of tonnes in the higher Indicated / Measured category that can be utilised in our updated feasibility study will increase from 54Mt up to I suspect around ~70Mt)

This will support a significant expansion to planned throughput within the BAM study. I'd expect that GR Engineering / Wave will be contemplating a ~30 year mine life in 2 stages.
Stage 1 (Year 1 to 4) - Model a throughput of 1.65Mtpa producing 150ktpa of Graphite Concentrate
Stage 2 (Year 5 to 29) - Add an additional crusher circuit onsite with throughput of 2.47Mtpa producing 225ktpa of Graphite Concentrate

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he's back, been on a bender mate, good to see your alive and back.

RNU Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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Ann: Siviour Drill Assays Highest Grade Graphite to Date, page-33

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Ann: Siviour Drill Assays Highest Grade Graphite to Date, page-33

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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