RE: RNS OUT12 Sep 2024 07:45
Pleased to see some further good drilling results from Bibemi especially as they are at shallow depth š
My target, based on what the company has said about Bibemi in presentations, is to see an MRE at Bakassi Zone 1 of at least 500,000 oz at a grade of 2g/t and then a further 500,000 oz from the other 3 target areas (Bakassi zone 2 and Lawa East and West). This will give a 1million ounce resource which would be a very good size for a potential mine.
Today's RNS shows they are well on the way to achieving that target at Bakassi Zone 1 with more results to come š
The MRE at Bakassi Zone 1 is already at 375,000 oz so need an additional 125,000 oz to hit the target from this round of drilling.