re: News: YTC release upgraded resource at He...
Good presentation. Rimas states that the focus for Hera was building the inferred/indicated category of resource so that mining studies could progress with a sufficient mineable reserve. He states that they fully expect that the resource will grow cobar-style as mining commences.
At current plan of 350,000tpa there is 7 years of gold present - Rimas expects that both Hera and Nymagee will grow to 10+ years of resource EACH, in time...
Drilling is underway at Nymagee.. In a couple weeks there will be 3 rigs onsite:
1. Chasing high grade copper at depth
2. Focussing on outlining the shallow open pit-potential copper
3. Building JORC and chasing north/south extensions
The next few months (til end of year) will define YTC as we see just how big Nymagee can get... All indications to date suggest this is going to be an absolute monster - The similarities to CSA's Cobar (highest grade copper mine in the country) are getting greater and greater
YTC Price at posting:
56.5¢ Sentiment: Hold Disclosure: Held
