directors mentioning dividend in announcement, page-50

It is what it is 'Inferred' definition below. Low level confidence of the grade - uncertain quality and reliability. Like I said they need to prove it beyond doubt such as building a reserves base.


Here are the JORC Inferred definitions:

Mineral Resources and Ore Reserves (JORC Code, 2004 Edition), prepared by the Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists, and
Minerals Council of Australia (“JORC”).

An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not
verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be limited or of uncertain
quality and reliability.