brr industry round: cobar, page-6

"YTC already identified 100K tonnes Cu (in 12 months) and desires to locate other deposits by maintaining a rigorous exploration programme over the next 10 ~ 20 years."

Relistening with headphones (around 12:00)

- Last december we published a maiden resource of 100.000 tonnes Cu
- not expressly said but implied: we found stuff worth roughly another 100.000 tonnes during the last year
- the plan / hope is to drill a lot and add another 100.000 tonnes of ore every year in the future "if things go well"


IMPORTANT 15:50:
"Scale of stage II is unknown at the moment" - potentially it could reach of the big Cobar systems (CSA!?) Will only commit to a scale once they know how big the system is.

Comment: Sounds like they are really exited about the Federation and CoCu finds - they might add quite a lot of ore ... So the plant might get a lot bigger than the so-far planned 100.000 ounces operation ...?


Happy new year, btw!