Fantastic result!
What I take away from it? – all IMO of course J
AVL Gabba has increased another cheeky 8.1million tonne, and massive magnetite high-grade zone of 3.1 million tonne – whilst holding the same 1.00% V2O5!
Indicated Resources within the HIGH GRADE ZONE have increased by 7.2Mt (147%)
This updated figure includes a 70% increase to the Indicated Mineral Resource from the previous resource
This represents an extremely high conversion from Inferred resources, supporting the high degree of geological and grade continuity at AVL’s Gabanintha project.
Overall the total Mineral Resource has increased by 8.1Mt (4.6%) as a result of deeper drilling within the deposit, which remains open at depth.
This de-risking of resources will support a longer mine life for the proposed Gabanintha vanadium operation - SO LONG 17 YEAR MINE LIFE!!! – 25 YEAR+?
208ppm Cobalt, 666ppm Nickel, 217ppm Copper1 and 0.16% Sulphur has been estimated, representing a 1.8Mt increase – LOVE cobal credits! = lowers OPEX!
183.6Mt at 0.76 % V2O5 containing 1,399,900 tonnes of V2O5; =
@ an offtake price of $15 = $46,293,768,125
PREPARATION OF THE FINAL PFS DOCUMENT IS CURRENTLY UNDERWAY.
WE ARE THE REAL DEAL PEOPLE! WE WILL GO TO MINE!
Fantastic result! What I take away from it? – all IMO of course...
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