AVM advance metals limited

indaba presentation

  1. 11,385 Posts.
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    New presentation is now on website.
    Easily the most interesting info is on slide 10.
    Dikulushi Resources to 150m depth(being the proposed depth of the openpit):
    *Measured 59,500t @ 7.0% Cu & 200 g/t Ag,
    *Indicated 684,000t @ 9.2% Cu & 271 g/t Ag,
    *Inferred 406,000t @ 8.4% Cu & 173 g/t Ag.
    If we mine the openpit to the end of 2007 that means there is 1.15mil tonnes @ say 8.5% Cu & 175 g/t Ag to be mined over 8 quarters or 143,000 tonnes/qtr full grade ore.
    It is now very significant that we mined 135,000 tonnes of full grade ore at Dikulushi last qtr - it would seem this might become the norm & as sure as night follows day it means we'll be processing at this rate also.
    On my cals we processed 70,000t of full grade ore in the Sept05 qtr & 80,000t of full grade ore in the Dec qtr - so this looks like a quantum leap in production about to incur but the other slides in the presentation don't support this proposition.
 
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