DCN 1.88% 40.8¢ dacian gold limited

Ann: First Ore Mined At Allanson Underground, page-43

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  1. 11,185 Posts.
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    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
 
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