NVA 1.64% 15.5¢ nova minerals limited

POG, page-248

  1. 6,022 Posts.
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    They stated 2.25Moz, but I think that is the end results after both recoveries and ore sorting. Adjust for recoveries means 2.55Moz (processed), adjust for rejects and it's 2.99Moz Mined. Would that be from only the 3.4Moz M&I or 3.4Moz M&I + a little allowable Inferred, or the full 9.9Moz?

    https://hotcopper.com.au/data/attachments/5822/5822317-63467d647027d9adb5bfb2b8e6a8c2a1.jpg

    I don't think they mined 80%+ of the M&I. See following below-ground view of Korbel's indicated. So I think SS2 included some amount of inferred. That would also explain why the Valley pit even exists in SS2.

    https://hotcopper.com.au/data/attachments/5822/5822331-4dfdd9828c7788005fc075f8505afefa.jpg


    600Koz produced from RPM in SS2. Only 320Koz of M&I there. 1.24Moz in total there, and like 1Moz if adjusting for the too-deep ore in South
    https://hotcopper.com.au/data/attachments/5822/5822342-3a6e13b0d9b69fbbdfd15cbab961792c.jpg

    https://hotcopper.com.au/data/attachments/5822/5822343-1358906f38899946fdeab83bd63c1200.jpg

    Probably 600Koz if adjusting for the too-deep ore in Valley and North too, which matches SS2's stated mined resources, inside the pit designs. So it seems like SS2 included the inferred in full, when it falls within the pit designs. Just I don't know what restrictions are put upon usage of inferred. Maybe there's increased restrictions for PFS.
    https://hotcopper.com.au/data/attachments/5822/5822345-1b98f6b2c8343cb0bfb2034b7620d521.jpg


 
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