LNQ linq minerals limited

yes grades are average but nearly 4 mill ounces of gold keeps...

Currently unlisted. Proposed listing date: 4 JULY 2025 11:00 AM AEST ##

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blueballs

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12/06/25

20:44

Post #: 79413117
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Originally posted by cobrakai1984 ↑

I wouldnt personally put too much in this. If u look at the main deposit- its too low grade to be mined (sub 0.4g/t). The south deposit is not enough to be mined in terms of tonnage. Rule of thumb at that grade would need circa 50mT to get to feasibility , 20mT is less than half the level. Further drilling may be lower grade(most likely lower) but might give additional tonnage, but no guarantee of getting towards the required tonnages required.

Gidginbung (epithermal) 21Mt @ 1.00g/t Au, 0.07%Cu >> grade is just passable, tonnage is not enough to justify a standalone operation/ be a mine.

Dam, deposit- 34Mt at 0.7% CuEq (0.44g/t Au, 0.32% Cu)containing ~0.5Moz Au and ~110Kt Cu >> this is too low grade to be mined.

Re depth is a bit higher grade and can open up additional tonnage, but at 2g/t U/G below open pit, is fairly average economics for U/G and they need to have more on the open pit to jusify an U/G.

The other prospects the grade is variable with mostly copper some high hits mixed with low grade stuff.

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yes grades are average but nearly 4 mill ounces of gold keeps running then grades will be good enough

What I like is the valuation isn’t too bad for that possibility but all deposits are open in all directions so a lot of potential especially at depth from what I see

40 kms of strike

The guys behind it throwing decent coin at it.

I think gold is place to be and raking as many of these things as I can

LNQ Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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yes grades are average but nearly 4 mill ounces of gold keeps...

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