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An upgrade cannot be confirmed until all the drilling had been done at a certain spacing to meet all the relevant criteria, maybe it has been done but they can't announce it until it is verified independently !
Red trader .. do a bit of research please .. we will have 30% and Newcrest have the choice whether to buy the additional 5% which will not be cheap. You can't go throwing figures like 1bn and 5bn about just now. Initial MRE 4.2m Oz equivalent..... "note INITIAL" this has a long way to go and even in a years time I don't think we will know for certain how big this is.
Looks like they have overstated resources
https://hotcopper.com.au/threads/ann-carlow-castle-update-and-proposed-capital-raise.6068921/
2.1m Oz and they are saying this ... what the hell does that make Havieron .. puts it into perspective :-))
This outstanding result confirms that Calibre, which was discovered by Antipa, is a very large-scale gold-copper-silver mineral system with significant growth potential located in the rapidly advancing Tier 1 Paterson Province,”
Here you go ..
AngloGold Ashanti’s Mponeng gold mine, located south-west of Johannesburg in South Africa, is currently the deepest mine in the world. The operating depth at Mponeng mine ranged from between 3.16km to 3.84km below the surface by the end of 2018. Ongoing expansions are expected to extend the operating depth further to 4.27km.