SGQ 3.23% 3.2¢ st george mining limited

Drillbit to do the talking - Breathe some fire Nickel dragon, page-32

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    You are correct fmx_rider, however without getting into semantics I would have thought that defining an ore body in the ground and reporting it in JORC terms are two separate things. As we know many an ore body has been defined but due to economic or mining criteria or other reasons at the time of discovery it does not conform to the JORC classification. That does not make it less of a resource and in many cases only to be exploitable at a later stage. What I was trying to avoid saying in my previous post was SGQ is yet to "PROVE" an ore resource. That would have opened a real can of worms, despite that this exactly what they are trying to do with their exploration campaigns.

    Again, as ASX rules stand you are absolutely right.

    Cheers
    helmenesh
 
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