Please read and understand: AMC's report clearly states
"The revised geological model prepared by Arafura reflects the complex geometry
encompassing REE-P-U mineralisation and associated alteration guided by a 0.5% REE cutoff while minimising internal waste. Isolated narrow intervals of mineralisation have been excluded from the geological model."
Excluding "isolated narrow intervals of mineralisation" means you only deal with the massive gangue mineralisation; therefore lowering cut off grade doesn't effect the amount of extractable ore (in this case we don't deal with a porphyry copper type of mineralisation!).
On the other hand they drilled down to 400m and still in ore, but AMC calculated only down to 250m because the grid width of but a few deep holes wouldn't fit with JORC requirements.
Please guess what this means for the real size of the deposit.
GL RMINCONSULT
- Forums
- ASX - By Stock
- major ree resource upgrade
Please read and understand: AMC's report clearly states"The...
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
Add ARU (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $395.8M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.0¢ | $1.063M | 6.400M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24995 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 448096 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24995 | 0.165 |
90 | 3833041 | 0.160 |
49 | 3703332 | 0.155 |
61 | 3809827 | 0.150 |
23 | 1341287 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 423096 | 9 |
0.175 | 839340 | 14 |
0.180 | 1897536 | 25 |
0.185 | 1030485 | 18 |
0.190 | 1152921 | 20 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
ARU (ASX) Chart |