Thanks Nord. I don't have your experience in ASX so I was hoping you might know ASX reporting timelines.
Yeah your "understanding"is correct. Resource summary includes all JORC categories down to "indicated" resource, so can be included on drilling results whose volume can be estimated within 30 percent +/-.
Whereas the DFS requires all results that have been sufficiently closely drilled to be allocated as Measured Reserve (rather than resource) because the volume of mineral bearing ore is defined to within 5 pc +/-.
The reserve is further reduced for DFS by including only those parts of the reserve that can be profitably mined.
The reason I asked is because Richard identified in the ann that he will including (separate to DFS) an updated resource summary. These results are demonstrating quite long high grade veins, so they will add quite a bit to resource value.
I'm not experienced in ASX reporting of how long, after they get their drill results, they take to allocate as indicated resource. Guess we're gonna find out. 4 weeks max! Yippee
Thanks Nord. I don't have your experience in ASX so I was hoping...
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