It's a porphyry deposit, ie volcanic.
Low grade is acceptable when you have huge meterage.
Newcrest's Cadia gold mine down the road, is a similar deposit and the cheapest production gold mine in the world.
Producing 1 million ounces / year, at an incredible $142 / ounce.
Lute
It's a porphyry deposit, ie volcanic.Low grade is acceptable...
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Last
4.1¢ |
Change
-0.004(8.89%) |
Mkt cap ! $22.06M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.8¢ | 4.0¢ | $831.5K | 19.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 500000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 209999 | 2 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| RML (ASX) Chart |