Yes not all the feed in the SS is indicated because Rox chose a small low capex 480 KTPA mill which needs a high grade of 5g/t.
But when the mill is upgraded to a 1.2MTPA mill much lower grade will be feed so a lot more of the resource can be processed.
Had they used a larger mill in the SS there would be less need for inferred to indicated conversion but the pre production costs would be higher.
As it stands they only need a 21 percent conversion to indicated for production years 1- 3 and that will not easy imo
Rox the 3m oz gold bet, page-123
Add RXL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.02M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $22.17K | 153.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 279788 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 173670 | 4 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
14.5¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 14.5¢ | 14.5¢ | 14.0¢ | 99394 | ||
| Last updated 15.57pm 14/06/2024 ? | |||||
| RXL (ASX) Chart |