NVA 9.09% 18.0¢ nova minerals limited

General Chat, page-6750

  1. 6,173 Posts.
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    https://hotcopper.com.au/data/attachments/5572/5572529-346a7b87a19dcc0e100dce2dd6c30d62.jpg
    This old diagram shows that this vein is somewhere on the following mountain. I can't see 'exactly' where on the mountain. Rock chips refer to gold grade, not copper grade.

    https://hotcopper.com.au/data/attachments/5572/5572530-4bda9f4ffac652a171241188360afcb1.jpg

    https://hotcopper.com.au/data/attachments/5572/5572532-9b6a8eb6cbd45ff9254261bc14185279.jpg
    Also there's a long polymetallic trend something like this.

    https://hotcopper.com.au/data/attachments/5572/5572538-9fc157cd7f9ac7cdfacd961e2787eaf2.jpg
    At least, according to the old diagram, and the prospects along that trend line.

    https://hotcopper.com.au/data/attachments/5572/5572540-a5c74c4f00302d2cde31ef6e5086209b.jpg
    Above is gold grades, and long trend. Below is copper grades.

    https://hotcopper.com.au/data/attachments/5572/5572543-077aa7aa39b72f3e0bad337c7b70e6a1.jpg

    Another company reports high grade copper rock chips of 20-30%. So I guess our 1-2% is fairly insignificant, just a byproduct, so the economics of it would depend on the gold grades.

    https://hotcopper.com.au/data/attachments/5572/5572547-ab841f0fd1d9a38eb17405ef6504b544.jpg


    But overall, even if something is there to be found, it would likely be 2-3 years slower than RPM, in terms of proving measured resources and potential development. So I guess it'll probably stay on the back burner. If anybody finds the photo of the copper cave again, I'd be interested to see it though.
 
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