resource upgrades or possible downgrades, page-4

We cant expect the sort of resource upgrade in terms of tonnage and grade some here are talking of.

Firstly, much of the drilling is to increase confidence level from inferred to indicated to measured, NOT drilling outside of previous resource blocks.

Second, a plot I did some time back when assays were still being released showed a strong and significant drop in grade of Cu-Ni-Co with increasing depth. Many of the best intersections are at somewhat shallower depth perhaps with a companent of supergene enrichment. This does not bode particularly well given the previous Inferred resource was shallow drilling extrapolated down.

On the other hand, Co-Ni assays do tend to have perhaps higher grades being recorded than from historical drilling with poorer assay standards/techniques.

Beyond a certain size grade and recovery process is much more important than extra tonnes anyway.

goodluck