SPR spartan resources limited

What makes NN such an outstanding ore body is its geometry.From...

  1. 5,332 Posts.
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    What makes NN such an outstanding ore body is its geometry.
    From my understanding there should be very little mining dilution as mining widths should be comfortably in excess of minimum mining widths meaning that we should see a very healthy resource to reserve conversion ratio.
    Upwards of a 70% conversion ratio would not be a surprise.
    Simon has publicly stated that he is expecting to see a high conversion ratio.

    Here's an example of a healthy resource to reserve conversion ratio.
    WAF's M1 and NN have similar geometrical characteristics.
    https://hotcopper.com.au/data/attachments/6321/6321376-a520c0909cf5c86224e4c47e7d29add1.jpg
    https://hotcopper.com.au/data/attachments/6321/6321378-0bf6a7bf5f60f590ea453d05a93a13d6.jpg

    M1 Measured and Indicated resource = 919k ounces
    M1 Proved and Probable reserve = 696k ounces
    Resource to Reserve conversion ratio = 75%
    https://hotcopper.com.au/data/attachments/6321/6321389-b06138cc49233e7dc5f97fb2bbfd80b6.jpg
    https://hotcopper.com.au/data/attachments/6321/6321397-767ea7f8ebc6cc84e9677941744be252.jpg


 
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