NVA nova minerals limited

Eg. Note how the 2 drills into Mid create a large inferred...

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    Eg. Note how the 2 drills into Mid create a large inferred resource. From this point, as it becomes indicated, it can become larger or smaller, as the assumptions are proved true or false. North would have been similar at one point - few drills creating a large inferred resource.

    See how North has some barren holes on the back, and on one side. If those holes were not completed at an earlier stage, the inferred could have extended out past that point (based on assumptions from the super holes). But then the addition of the barren holes disproved some of the inferred assumptions, upgrading it to indicated, but reducing its size.


    Mid - the 2 holes create a fairly large inferred resource (which has the potential to get bigger or smaller soon), but there's also a huge area from Mid-South that has no drills yet and no inferred resource, so has the potential to add further resources there.

    North has a bit of drilling going into areas with no current inferred resource, eg. wide banded zone, but on that side is just 1 long hole, so apparently low confidence. It would be a positive surprise if it hit something. Being downhill, I expect it would be cheap enough to expand the North pit downhill into that zone.
    Last edited by danbradster: 22/09/23
 
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