New resource announcement out. Nearly 1.6 billion tonnes now....

New resource announcement out. Nearly 1.6 billion tonnes now. 10% increase to global resources, >50% increase to indicated resources. Not really telling us anything we don't know already but it's good to see a solid, good grade indicated resource building.

They are going to now go for deeper cores to test how much goes to 5-6 m depth. Could be scope for greater than 50% increase overall if that is extensive.

More important than resource size is to see some work out on the scoping study. Hopefully within a few months.