Ann: World best copper grades from native copper zone, page-30

The wording of this announcement is absolutely priceless. I can count about 350 square metres of high grade zone in the LM1 dig plan on page 3. If they use 15m benches, you're looking at approximately 5250 cubes of high grade ore, or between 15kt and 20kt, in this bench, or three days worth of mining for this excavator.

The kicker is that the $210k/truckload figure was based on an extracted grade of 30%Cu, but on closer inspection these high grade zones probably only have about a third of their ore remotely close to this grade. Then look at the grades nearby which would fetch less than one tenth of the quoted truckload value being touted in this announcement




To answer hoots question, they probably have about one third of the high grade zone (or 5kt) of the $210,000/truckload ore in this bench, at best. Those trucks have a payload of 90t so you'd be looking at roughly 55 trucks from this bench at the quoted value.

Funny how there is all this talk about revenue but little mention of the costs involved to extract the stuff!