MOE 1.76% $5.21 moelis australia limited

mgl: 4.50 (+5.9%), page-3

  1. 22,691 Posts.
    Hi Kiwi,

    This from their Announcement on 14 Nov:

    "Highlights of the resource estimate include:
    • Significant increase of 300% in indicated resources to 34.33 million tonnes at 2.5 g/t Au for
    2.809 million ounces of gold.
    • Significant conversion (>95%) of resources from inferred to indicated category at Pakaka and
    Mengu Hill reflecting the excellent continuity of mineralized zones.

    "A further resource upgrade is planned for January 2006 based upon analysis of recent infill drilling results
    from Gorumbwa and Karagba. These programmes were designed to upgrade the existing resources from
    inferred to the indicated category".

    ++++++++++++++++++++++++++++

    So, it is to be this month,

    Gerry
 
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