Member Info for mac4671

I'll give the naysayers a little clue shall i, the original WK license that was held and explored back in Anglo JV days was for a larger area than the one that will include that 50.7km2. Go find it in historical RNS and get back to me hot shots ; ) lol

GLA

"Let’s just be happy with our 150koz, likely 230koz. It’s a good result - ramping isn’t necessary" - That's just choosing to ignore the other numbers mentioned to suit your standpoint. To include the other numbers is not ramping, it's simply inclusing all numbers and fators that have been mentioned. To ignore them is just odd tbh.

GLA

Factor a 43% increase onto the 21,600kg. No one knows for certain of course, but WK is certainly starting to look like a very good PGM play. I thought choosing 1Moz for the title was fairly reasonable. The scope for further flank apps after this next one is also there green boxes, you do realise and understand that, yes?

Look at it which ever way you choose, my personal take is to now look at it as a potential 1Moz+ play, and i think that's perfectly fair given the numbers we've received to date.

GLA

Rorydinho, how much resources are going to be in the 50.7km2?. You tell me, i'm saying 8000kg, you tell me what figure you think will land with that next flanks app they mention. Figures are easy if you just take the time to look.

GLA

It's a green box RMR1969 my friend, they're notoriously bad with figures. Even if you look at the figures very conservatively, giving that next flanks app 8000kg of resources for the 50.7km2 area, the numbers start growing rapidly. My personal opinion is it will be greater than 8000kg but i'm trying not to do any ramping with it. People can do their own sums of course and i'm sure they will, but i don't think anyone can say that WK isn't now at least a 1Moz play can they?

I'll leave yous all to debate where things may end up resource figure wise due to that lovely 43% factor the BOD slipped into that RNS.

GLA

GLA

Just being conservative there by the way, have not even thought about adding any 43% extra potential factor into the mix.

GLA

It's good to see you pop in again A1ex and i hope all is well with you up in that satellite of yours. You'll be the first person to spot any new pits being developed, that's for certain!

What should we say as a fair figure for potential in that flanks app going through the works. 8000kg?. Turning WK into a potential 1.2Moz play?

The numbers only grow at Eurasia mining, that's the most beautiful part of it all!

GLA

When i say past 1Moz, i mean very easily. We have an area for around 117km2 at present, the flanks app the RNS refers to is almost half of that area added again -

"Project Flanks - Additional 50.7km2 surrounds the current mining license and includes strike extensions to identified reserves and resources. MOD approval received in May 2020."

It's a beautiful game of numbers!

GLA

No A1EX, this relates to WK. Converting the KG mentioned in RNS will get you to just under 1Moz, flank expansions will realistically take us past that!.

WK is a 1Moz play now.

GLA

Montmuzard, it's now very exciting isn't it. What an RNS to drop on a Monday!

Well done to all who have held strong and ignored all the naysayers.

GLA

"Makes me wonder how big MT could be...." - Ooooooo matron, 43% extra there as well, could you imagine.....15Moz becoming 21.45Moz just like that, oooo stop it. 22Moz becoming 31.46Moz, ok i'll stop now as i'm starting to day dream and drool a little lol

GLA

Certainly Hudson, surely not a coincidence that 8 weeks have passed since the non-binding RNS and now they finally update us on the WK DFS. Is the info no longer sensitive as the deal is almost done?. Roll on due course i say i say!

It all says that things have went well imho

GLA

Rho Rho Rhodium your boat gently down the stream. . . . . . . .

GLA

Possibly missed by some due to the 43% increase excitement etc -

"while the Company with its advisers are making progress with the strategic options available for Eurasia. Further announcements will be made in due course"."

Roll on due course i say i say!

GLA

Is what we're looking at with WK very easily. Not as massive as Monchetundra, but it's still able of holding its own as a very cheap project. Literally just a dig it out with a excavator and process it job, easy peasy. It's something that can just keep on expanding, through flank applications and extra processing facilities so a 1 million ounce project is logically very feasible at some stage with the numbers we've just been given. Welcome to other opinions of course, but WK just got a whole load better that's for sure.

GLA

The cost of extraction is tiny Montmuzard as well. The main part is that they have a proven record now of being able to expand their production there, 3 pits the next part of their plan. Resources turning out to be far better than expected, there's loads of positives with Eurasia.

GLA

GLA

Numbers only ever go up at Eurasia mining, they always play the conservative game. More land full of goodies inbound as well, it's all very exciting!

GLA

3 pits are better than one, i say i say, 3 pits are far better than 1 -

"The Technical Project is based on concurrent production at three pits,"

GLA

"We welcome the recent growth in our metals price basket especially in iridium and rhodium and look forward to updating further from West Kytlim in due course." - good old iridium and rhodium at the in production and planned to rapidly expand asset.

GLA

Listen carefully at the 3:30 - 3:50 area -

https://www.youtube.com/watch?v=d_YMY6yiMDE&feature=youtu.be

WK -

"Consistent with this anomaly, the paragenesis of platinum-group minerals (PGM) includes abundant Pd-bearing PGM, two unnamed phases, (Pd,Fe,Cu,Ni)(9)(S,Hg,As)(8) and Rh(Te,Hg), and alloys in the system Pt-Fe-Cu-Ni"

"Rh-rich pentlandite
KT 150-154 A bis 3 3 0.39 0.00 12.13 24.95 27.12 0.33 0.05 0.00 0.40 31.7 10.36 97.44"

12.3 being the Rhodium.

https://www.researchgate.net/publication/276054678_Unusually_pge-rich_chromitite_in_the_butyrin_vein_of_the_Kytlym_Uralian-Alaskan_complex_northern_urals_Russia

MT -

"positive Pd and Rh anomalies and relatively high Pd/Ir ratios of more than 20"

"supporting a lack of cumulus sulfide, whereas harzburgite from Travyanaya has
higher PGE concentrations and features an enrichment in PPGE relative to IPGE with
positive Pd as well as Rh anomalies and a high Pd/Ir ratio of more than 75". . . . . . .

https://orca.cf.ac.uk/112128/1/Critical%20Controls%20on%20the%20Formation%20of%20Contact-Style%20PGE-.pdf

"NKT (Nittis Kumuzhanaya Travanyaha) nickel, copper, cobalt, platinum, palladium, gold and silver with the following potential resources: Ni - c. 298,000 t, Cu - c. 229,000 t, Co - c. 11,300 t, Pt - c. 18.5 t, Pd - c. 55.0 t, (Pt+Pd= 73.5t or 2.3M oz) Au - c. 7.6 t, Ag - c. 185t (as per State Cadastre of Deposits, No. 22 on Murmansk Geological Information Archive Reference Note of 07.03.2019)."

GLA