IRC 8.00% 13.5¢ intermin resources limited

Ann: Excellent High Grade Drill Results From Menzies Gold Project, page-12

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  1. 1,587 Posts.
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    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.

    source: do not advertise external links.au/companies/news/214320/intermin-resources-plans-to-add-gold-resources-and-facilities-to-new-horizon-entity-214320.html

    That 1Moz prediction will come true....at potentially 2g/t.....with a MILL.  Anyone got any updated valuations based on the above?

    DF
 
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