The Border deposit currently has an inferred resource of 16.Mt @ 2.12% Pb+Zn and 4.76g/t Ag at a 1.25% Pb+Zn cut-off grade. Border is considered to be a modified Mississippi Valley-Type (MVT) deposit, hosted by dolomite sequences. Although grade is moderate, favourable metallurgy and mining characteristics make the deposit economically viable, as with its analogue, the Pering mine in South Africa.
We have placed a nominal value of AUD50/t combined lead and zinc on the Border JORC resource valuing it around AUD16M or AUD0.09ps
