“The second deposit (dark pink in Figure 8) has also been drilled and Esso previously estimated a total target of approximately 220 million tonnes. Although this deposit is yet to be reported as a range of tonnages as required under the JORC Code to report a JORC Compliant Exploration Target, Mantle views the conceptual size of the deposit as a material piece of information. Figure 8: Historical drill holes.
Mantle wishes to note that “the potential quantity and grade of the potential Exploration Target is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource, and that it is uncertain if further exploration will result in the determination of a Mineral Resource.”
That point above Mantle views the conceptual size of the deposit as a material piece of information, is the winner...its just needs to be proven... Competent Person’s
MNM Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held