RE: RNS 12:30:0029 Oct 2020 12:43
Boom.
Based on an assumed copper metal price of US$6,655/tonne the initial mine production generates an in situ metal value of US$104,450,225* over the 3-4 year period
Significant further upside:
a significant portion of the Exploration Target is expected to be converted to a JORC compliant mineral resource in the coming months as the Company continues exploration activities and the continued analysis of historic data sets
the Antonio North skarn may provide a similar quantum of mineral resource in addition to the current mineral resources declared and would provide sufficient mineralisation for a further approximate 7 to 8 year period
Significant upside to increase the mineral resources on adjacent skarns through the extension of development on 16 level, 17 level and 18 level and underneath the Baia Rosie skarn