I wouldn't be getting too excited about the new resource estimate being near historical grades, as they are targeting near surface low-grade material for this estimate and for short-term open-pit mine planning. On 14 July they reported "initial technical due diligence is focused on the lower-grade near-surface “halo” mineralisation that has potential to host an open pit mine in the short-medium term". Ergo the resource estimate grade will reflect the lower grade mineralisation, to start with, and as expected.
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