Speewah hosts JORC compliant Indicated and Inferred Resource of 37.3 million tonnes at 9.1% CaF2 (2% CaF2 cut-off grade) containing 3.39 million tonnes CaF2 and includes a high-grade component of 8.6 million tonnes at 22.8% CaF2 (10% CaF2 cut-off grade) containing 1.95 million tonnes CaF2.
8.4 to 17 million tonnes grading between 6% CaF2 and 10% CaF2 (2% CaF2 cut-off grade) inclusive of a high-grade component of 1.9 to 3.9 million tonnes grading between 16% CaF2 and 26% CaF2 (10% CaF2 cut-off grade)8.6Mt @ 22.8% CaF2 = 1.94 Mt
1.9Mt @ 16%-26% CaF2 =
0.34Mt to 0.5Mt
3.9Mt @ 16%-26% CaF2 = 0.5Mt to
1.01Mt0.34Mt to 1.01Mt @
current Fluorspar price of US$462M (
AUD $237M) APAC = US$157M to US$467M (
AUD $705M) target valuation of high grade extension.
