exploration targets of 7,600 to 13,000 tonnes , page-7

Rotoso

Exactly, this is what I am questioning (plus the recent presentation available on BRR).

My point is why did EMA only provide recovery figures for one very high grade lignite sample (2378 ppm)?

83% from 323 ppm sample is from sandstone so there is nothing to write home about.

My question to anyone with suitable U/geological knowledge:

1) Can recovery of 82% out of such a high grade lignite sample be projected to average lignite deposit grade, e.g. 400-500 ppm?

2) Why didn't company test more representative lignite samples with lower grades?

3) Any thoughts on the cost of RIP process at this stage?

4) Why rush into sandstone-hosted exploration now if lignite processing is looking so promising?

Don't get me wrong I hold EMA and wish everything went smoothly but I am not convinced with one sample as a proof of anything.

Any thoughts will be much appreciated.