AZX 0.00% 28.0¢ auzex resources limited

great link and update on auzex, page-8

  1. 11 Posts.
    hey kojo

    yes they do have currently have 1.98mill oz of inferred resource there. but with the resource upgrade we should see this move to an indicted resource that is higher than 1.98m oz.

    from the indicated resource it then moves to a maiden reserve, that is what is looked at when it comes to see what can actually put into production. so you'll see the 1.98 m oz go to around 1mill oz reserve (roughly 50%)

    i think its going to be a better figure than 1mil more like 1.4m oz, therefore the ability to produce more from there resource. hope this explains.

    see my next post of a site visit cheers

 
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