rogue traders dont like an honest company , page-24

"People should forget about the JORC henceforth"

The JORC tells you how much copper and other minerals are there, metallurgy tells you how much of this can be feasibly extracted using the process they have developed.

Copper is present in several types of mineralization across the deposit. There is native copper, copper oxides, primary and secondary sulphides. The percentage that they can actually extract will be different for each type of mineralization, and in the case of native copper it will likely also depend on the size of the nuggets. The recoveries of the byproducts cobalt and gold will also vary across the ore types. So far they've told us that they can successfully extract large nuggets and primary sulphides where these are prevalent. They haven't yet told us how much of each ore type makes up the overall resource, and what the likely typical recoveries are for each type.

Hopefully they will shed more light on this in tomorrows announcement.