Just to throw some numbers around on the coming ore reserve announcements for Westralia and Cameron Well.
Current total ore reserves are 1.2Mozs for Westralia and Jupiter.
Resources minus reserves at Westralia = 960,000oz
Resources at Cameron Well = 245,000oz
Assumming a conversion at 70% average for both projects we could see another 843,500 oz added to reserves.
Using a more conservative 50% conversion that’s 602,500oz.
So potentially our reserves could increase to between ~1.8Moz and ~2Mozs, so a possible increase of reserves of between 50% and 67% once the Westralia reserve upgrade and the Maiden reserve for Cameron Well come through. Esh
DCN Price at posting:
$2.05 Sentiment: Buy Disclosure: Held