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$3.69 azure minerals limited

Free livestream of New World Metals Conference (today @ 3.30pm AWST), page-245

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Frestootnik

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14/09/23

17:39

Post #: 69862316
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Originally posted by calmbeforestorm: ↑

I stand to be corrected by more knowledgeable people but the drilling for TA1 100m by 50m will give them an inferred resource and I assume they will do the same for TA2 & 3 ie expect the maiden MRE to be mainly inferred.

To do a SS or PFS they will need to drill TA1-3 50m by 50m which is double the number of holes for an inferred resource - but I do not expect they will drill all of TA1-3 to indicated level - maybe they will concentrate the infill drilling where the big volumes of mineralisation are (eg AP11 and not AP12 or 9) and drill other targets - eg AP1-3, 7-8 amd 13 (my bet is on AP1-3 as they are next to TA3) unless they identify better targets elsewhere in the tenement from the ongoing rock chip sampling.

Over to more knowledgeable posters to correct my errors.

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They'll decide according to depth/grade across the 3 TA's. prioritising narrower spacing for indicated definitions for the shallowest most economic lenses with the best strip ratios for starter pit/s.

AZS Price at posting: $2.70 Sentiment: Buy Disclosure: Held
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