Katanning +2.0M gold ounces? Conceptual "back of envelope guesstimate" that extends current resources by approximately 1,000m within the Central zone area and includes multiple extensions at north and south locations. So sum total volume of targets drilled 1,000m x 125m (width) x 100m (depth) (more or less) = 33,750,000 metric tonnes.
I assign a conceptual grade of 1 g/t au x 33,750,000 = 1,125,000 gold ounces. The entire Katanning gold system remains open at multiple locations along strike and at depth. The width of the system seems fairly defined (rough guesstimate 125m). At a rough guesstimate the total of gold ounces exceeds 2 million.
AUC is targeting "magnetic plates" with much higher values than 1 g/t au, with entire zones showing (open) mineralization plunging at depth. AUC valuation should be +10 cents per share, so bought more. Am holding 6-12 months, with ultimate price target to exceed 30 cents per share. Warning, these are guesstimates only do you own research.
Further upside from increase in gold price, BOA is forecasting US$2300 / A$3,175 per ounce within 12 months. **promotion blocked** has published projections to US$2,500 / A$3,475 within next 4 months. Market watchers will be shocked where AUC share price final peaks. My conceptual guesstimate on entire KGP area is 8M ounces (warning very speculative assessment).
AUC Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
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