MML 2.41% 85.0¢ medusa mining limited

Worth adding another note to my previous post regarding...

  1. 1,035 Posts.
    Worth adding another note to my previous post regarding reserves.

    It is actually their resources that are re-assessed based on deep drilling and these are reported annually. But these are categorised under JORC12 as either Indicated or Inferred.

    Due to the nature of the vein system they only update resources to reserves based on the development of new stopes, as they can then get a definitive measure of what is recoverable. The forward development effort since the mine/mill expansion has been relatively constant at a rolling average of 100 new stopes under development.
    CPDLC
 
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