Ann: West Arunta Project - Luni Metallurgical Results, page-67

No obvious new sites in the last couple of weeks at Luni. Activity at old sites across a wide area with this as an interpretation.


Some of the orange ellipses are probably just artifacts of the imagery process - not all.
Most of the blue ones look like site clearing and so probably rehab - not all.


X area is tricky to pick what is going on. Nearly always has been.

Based on the above I suspect more of the same and a close up for a seasonal break with the weather making access unreliable. Lightning and drill rigs don't go together very well.

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Ozblue I don't see much change for ENR at Emily and Green with the recent results.

Certainly not Luni size but they have 3 areas with potential starter pit grades and perhaps size (albeit small). Depth, size, multiple small sources would make ENR's job to go it alone very difficult, if not impossible.

Luni changes the equation, but as you intimate likely leaves ENR with a stranded resource even with some agreements.

An MRE for ENR using a 0.25% cut off grade probably wouldn't add a huge volume given the relatively tight constraints on the high grade zones. Maybe double the tonnes (to say 40-50Mt @ <1%) to put some numbers out there for the wide spaced drilled zones. Maybe a quarter of Luni's scale with some 15+-Mt higher grade <=2%. Using WA1's depth constraint of 190m would help the bulk a little. 115m @ 1.3% in Green RC hole 914 - narrow and deep? Wild numbers not to be taken seriously just for fun late in the weekend.

Anywhere near correct and the next line makes some sense.

At the ENR AGM the MD was optimistic about their prospects, at Aileron, to go to development. Hope they can.

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Noticed the discussion on twinning holes.
Haven't seen detailed assays so not easy to make any meaningful comment IMO.
There will be variations.