RED 5.42% 39.3¢ red 5 limited

Most of the open pit will be measured and indicated due to drill...

  1. 107 Posts.
    Most of the open pit will be measured and indicated due to drill density. Inferred is when there is no much drill data so a lot of extrapolation is required.

    I would suspect most of this is at depth where drill spacing is nearly always lower until you actually get underground.

    The open pit will almost certainly produce more than the reserve in my view, but not a whole lot more (maybe 10-30%).

    The underground is likely to be bigger and more extensive by far versus the existing reserve. It might be double ore more for example.

    The future is for a very profitable 400-500ktpa underground producing 50-70kozpa at low cost and then satellite ore on top from new discoveries or other open pittable deposits within trucking distance.
 
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