MMA 2.17% 22.5¢ maronan metals limited

Thanks for that link. To summarise;1. Lab results for cu/au by...

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    Thanks for that link.

    To summarise;

    1. Lab results for cu/au by late April;
    2. Scoping study in 2 to 3 months;
    3. Aggressive drilling campaign in 2024. (My capex prediction by 31 March is still a good possibility with no new news for 1 month)
    4. cu/au resource will be mined in later years.

    I just so happen have the figures for the pb/ag resource, so have posted the three individual projects for comparison.

    1. Tan is the entire project including cu/au and the au only zone.
    2. Starter zone (includes miniscule gold)
    3. Outside starter zone (lead/silver only)

    The starter zone has 6% higher silver resource as a percentage 44.46% compared to the outside pb/ag zone with 38.23%.

    The cu/au resource needs copper to trade at US$8.50 using the current gold price for the project to hit 10% lead equivalence. Obviously, gold will increase in price and offset the copper price increase required, but it gives you a good idea of the sort of copper price required to make the cu/au resource as profitable as the pb/ag.


    https://hotcopper.com.au/data/attachments/6043/6043016-6a697cd1d1698356f5939a557e1bbb0b.jpg

    Last edited by PhillW: 19/03/24
 
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