DCN dacian gold limited

Warning signs for for share price collapse, page-7

  1. nht
    1,717 Posts.
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    oops - ignore my previous post doc.. missed the actual reference to 85% match

    "2018 ORE RESERVE TO MILL RECONCILED PRODUCTION IS APPROXIMATELY 85% AT EACH OF WESTRALIA AND JUPITER In the plus two-year term since the completion of the Mt Morgans Feasibility Study (see ASX release 21 November 2016), the Company has significantly improved the geological and structural understanding of the Westralia and Jupiter gold deposits. This greater understanding has contributed to improved resource modelling that has increased the confidence in lode predictability and continuity at both Westralia and Jupiter. It has also significantly improved the Company’s opportunity for continued exploration success, particularly at the large Westralia gold deposit. Following the first 12 months of mining and treatment of the Westralia and Jupiter ores, the Company is now in the position to provide 2018 Ore Reserve to reconciled mill production data for the processed ores of these mines. The reconciliation of the 2018 Ore Reserve to mill reconciled production across the Mt Morgans site is at approximately 85%, by ounces. For each of Westralia and Jupiter the reconciliation is at approximately 85%, by ounces."
 
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Currently unlisted public company.

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