We so need an updated JORC once the MRP deal is finalised.
I like this:
If the partners (i.e. IRC and MRP) add Focus Minerals Ltd’s (ASX:FML) (FRA: FZA) 2.1 million ounce Coolgardie Gold Project to the mix for $40 million, as signalled today, the new company would hold 3.32 million gold ounces.
Intermin’s core Teal, Goongarrie Lady, Binduli, Anthill and Blister Dam gold projects each have the potential to provide more than 2 g/t gold, oxide and transitional feed amenable to open pit mining to supplement a baseload feed from Boorara.
Intermin’s mineral resources are found in the Teal, Anthill, Menzies and Goongarrie deposits and make up a total resource of 9.26 million tonnes grading 2.05 g/t tonne gold for 609,625 ounces at a 1 g/t cut-off.
Teal open pit, 12 kilometres north of Kalgoorlie-Boulder, has potential to deliver about 22,000 ounces of gold grading 3.2 g/t and 94% gold recovery.