i read it as 1,260,000 ounces now. The Company refers to its Prospectus dated 20 December 2005, wherein the Resource
Inventory for the South Laverton Project was stated as 760,000 ounces of gold. Of the
15 or more deposits/stockpiles making up that figure, a review of the Resource
Estimates on four gold deposits within the sphere of the Carosue Dam Operations has
been undertaken. As a result, revised Mineral Resource Estimates have been
completed at Whirling Dervish, Elliott’s Lode, Enterprise and Porphyry, which
accounted for around 150,000 ounces in the previously stated inventory.
The revised estimate of 650,000 ounces, as detailed below, represents a significant
increase. It will form the basis of a Resource Inventory, enabling the deposits to be reevaluated
economically.
760,000 minus 150,000 plus the new 650,000 = 1,260,000 in total.
I agree the announcement is badly worded.
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i read it as 1,260,000 ounces now. The Company refers to its...
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