What an excellent maiden JORC! 16,000 tonnes of Scheelite @ 0.1% WO3 cut, or 25,000 tonnes at 0.05% cut. There is a mine in those numbers, somewhere between 5 to 8 years on this drilling alone.
And with minimal drilling they will "significantly" upgrade the resource!!
And with only one third of the strike length being drilled, much more resource to come!! ( At this stage I am looking for the accompanying steak knives)
Op costs should be low with low strip ratio( deposit at top of hill , shallow dipping ) , easy metallurgy ( Xray sorters for a low grade mine if required), and no contaminants.
Have been a long term holder and like where this company and deposit is going.
Go you good thing! DYOR
HAZ Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held