ADT 2.38% $4.10 adriatic metals plc

Updated Resource Estimate as at BR-17-18, page-2

  1. 536 Posts.
    lightbulb Created with Sketch. 301
    Again, I believe my assumptions are quite conservative. 

    For starters, I use 1.5% Pb+Zn cut-off because historic holes weren't assayed for precious metals and I don't have a sense for what the barite concentrate may be worth.  If instead I were to use 1.5% ZnEq cut-off (inclusive of precious metals, copper and barite) you will see an expanded mineralized envelop and increased tonnage.

    Also, I use very conservative lateral width assumptions.  If instead I use 75m lateral width (hard to do because not enough infill holes to get a sense of lateral continuity vs very strong continuity along strike), I get 6.75Mt.

    400m strike * 75m width * 60m depth * 3.75t/m^3 = 6.75Mt.

    Finally, my understanding is that the block model may incorporate separate cut-offs: one for the near-surface, open-pittable portion and the other for the under-ground portion.  


 
watchlist Created with Sketch. Add ADT (ASX) to my watchlist
(20min delay)
Last
$4.10
Change
-0.100(2.38%)
Mkt cap ! $918.1M
Open High Low Value Volume
$4.15 $4.18 $4.05 $2.359M 574.4K

Buyers (Bids)

No. Vol. Price($)
1 5000 $4.07
 

Sellers (Offers)

Price($) Vol. No.
$4.20 5541 2
View Market Depth
Last trade - 16.10pm 26/11/2024 (20 minute delay) ?
ADT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.