AZX 0.00% 28.0¢ auzex resources limited

inferred or proven?

  1. 67 Posts.
    I have had a read of the last announcement and am a little confused on the resource base for AZX.

    They say that "The current reported JORC compliant mineral resource is 41,517,000 tonnes @ 1.48 g/t Au for 1.98 million ounces of gold at a 0.7 g/t Au cut off to an assumed economic mining depth of 315m RL, approximately 120m depth."

    Then following this statement they say that the resource is inferred only (in a table).

    I thought a JORC compliant mineral resource had to be classed as proven rather than only inferred. Has anyone had any experience with this? What is the main difference between these terms?

    Thanks
 
watchlist Created with Sketch. Add AZX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.