Tempered by a move down from indicated to inferred for around 40mt.
Sounds like RSV Enco are being quite conservative in their approach, which can't be a bad thing. Looks like they might have to get some more drill holes into the ground to bring the status back up.
At a ROM of, say, 3mtpa, we have over 10 years mine life just on the measured resource alone. Plenty of time to firm up the balance and bring in additional resources through step out drilling.
HWK Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
