ALK 0.85% 58.5¢ alkane resources limited

Thanks again @Joelstar .Great interview. I would recommend...

  1. 2,330 Posts.
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    Thanks again @Joelstar .
    Great interview. I would recommend everyone take a look at it.

    The decision to remove any resource from outside the pit shell - even inferred, is conservative. The resource remains there, but is not counted. It could still be mined at some future time.
    Also, the decision to remove the inferred resource in the deeps below Roswell is once again very conservative. Decision based on the apparently varying directionality of the ore body lenses, making their existing drill intersections less reliable to infer. As Nic said, lots of drilling going on there to improve this understanding, and nothing has actually been lost - just a choice not to include it at present.
    The increase in Reserve sits in that zone between 955 and 855 - and the great news is that this zone has increased in size - with more orebody heading south towards San Antonio than was known previously - and Nic says there are parallel ore bodies to San Antonio yet to be drilled.

    All indications are that Alkane will have a long future at the Tomingley Extension - much longer than is currently modeled.




 
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