AZX auzex resources limited

I was reading through the annual report and noticed this:"The...

  1. 155 Posts.
    lightbulb Created with Sketch. 16
    I was reading through the annual report and noticed this:

    "The Khartoum Tin Project is situated 100 km SW of Cairns.

    Best results so far:

    * 104m at 0.21% Sn from 12m

    * 34m at 0.26% Sn from 99m

    Exploration to date suggests a conceptual tonnage potential of 80-120 MT @ 0.2-0.3% Sn."

    This gives 160,000 - 360,000 tonnes of tin. Current LME tin price is $26,400 USD. This is a potential in ground value of $4.2 - 9.5 Bn.

    Hopefully with some further drilling they should be able to release an initial JORC tin resource. Does anyone know if they are planning drilling at Khartoum anytime soon?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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