Hi, shareholders
I have updated the resource analysis to 1 August 2022 by adding holes of MTC-17-044, 049, 050, and 053.
- Grade. The weighted average grade to date is 1.95%;
- Thickness. The total thickness proving resources to date is 217.67 metres;
- Depth. The average depth of holes showing resources to date is 15.25 metres - very shallow.
Again, WR1 Cancet asset clearly has the potential to be a world-class Tier 1 asset with regards to all metrics - Tier 1 grade, depth, and location. The only uncertain factor is the quantity of the reserve. But I am confident that Cancet, by itself, can be greater than 10MT.
Good luck to all holders.
WR1 General Discussion, page-109
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