Ann: West Arunta Project - Luni Assay Results, page-63

  1. 600 Posts.
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    Great news for shareholders who follow the headlines however even better news for shorters!
    A quick analysis of the latest drill results indicate the following:
    The high variability of grade is confirmed.
    A likely ROM head grade of a future starter pit of <1.6% is likely, (reconcile the results to confirm).
    The overall grade of the Luni deposit is likely to fall to around 0.8% - 0.9% with increased tonnage.

    Still a world class deposit but certainly not in the same league as the Nb frontrunner.


 
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