PEX 0.00% 12.0¢ peel mining limited

Proactive investor article, page-4

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    Interesting analysis. This is consistent with my resource estimates based on public information. My estimates for Wagga Tank - Southern Nights are in the order of 4-6 million tonnes. With precious metal credits this maybe an underground option with an initial open pit development depending on the numbers and remembering this is a remote site. A lower CAPEX mine and truck option is likely. A higher CAPEX mine and mill option unlikely unless there is substantial discoveries below 500m or substantial nearby satellite deposits or joint operation with Mallee Bull.
 
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