While I am at it I just added the drilling result since the MRE...

  1. 58 Posts.
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    While I am at it I just added the drilling result since the MRE to see what It thought might result in the updated MRE.

    Thats enough AI for me today! smile.png

    Implications for project economics

    Parameter2024 MRE basisPost-update expectationImpact
    1Resource category100 % InferredSignificant Indicated sliceEnables PFS-level studies & Ore Reserve conversion
    2Global tonnes200 Mt230-260 MtExtends mine life and optional pit size
    3Average grade1.0 %1.0–1.1 % (diluted)Slight uplift if high-grade zones enlarge
    4High-grade subset53 Mt @ 2.1 %60-70 Mt @ 2.3-2.5 %Higher early-cash-flow potential
    5Strip ratioUnchanged (oxide free-dig)Possibly lower as southern & western extensions are shallowReduces mining cost/tonne

    Overall, the new drilling should both grow the inventory and de-risk it, laying the groundwork for a pre-feasibility study and a first Ore Reserve in 2026. The headline uplift will be less about a spectacular jump in headline tonnes and more about turning part of a world-class discovery into bankable, high-confidence

 
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