Just added the starter zone and highlighted it in pink. On paper, the starter zone appears to be around 18% higher valuation per MRE ton than the entire project, BUT there is no cu/au resource included. The lead equivalent grade is 9.6% and the 2016 scoping study mentioned 10% lead needed for the project.
The starter zone diagram below, definitely shows cu/au mineralisation looking from the east. The fact that MMA did not include the cu/au, may indicate that they intend to leave the ore behind and maybe look at the ore when the copper price rises enough to make it worthwhile. From memory, the cu grades are lower closer to surface. Can't think of any other reason as to why the cu/au was not included in the starter zone resource but is included in the entire project resource.
- Forums
- ASX - By Stock
- MMA
- Ann: Strong Maronan Resource Review and Maiden Indicated Resource
Ann: Strong Maronan Resource Review and Maiden Indicated Resource, page-14
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MMA (ASX) to my watchlist
|
|||||
Last
25.5¢ |
Change
0.015(6.25%) |
Mkt cap ! $51.31M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.5¢ | $31.98K | 128.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3980 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 64486 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3980 | 0.240 |
2 | 15180 | 0.235 |
5 | 28079 | 0.230 |
3 | 140671 | 0.225 |
2 | 111904 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 64486 | 2 |
0.260 | 67037 | 2 |
0.265 | 5780 | 1 |
0.270 | 4980 | 1 |
0.275 | 5200 | 1 |
Last trade - 15.57pm 12/07/2024 (20 minute delay) ? |
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
MMA (ASX) Chart |