AUZ 0.00% 1.1¢ australian mines limited

Just bringing discussions back to the scope of this thread...

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    Just bringing discussions back to the scope of this thread Flemington tripled footprint.
    Looking at the assays returned and going over a pit plan using only the better grades returned.
    Pit design along strike of 1800m and better grades in a belt of approx 300m width. Seam confirmed todaay average 8m (some assays returned in the late teens one at 33m)
    Tonnages on a pit design targeting;
    Length 1800m strike
    Width 300m better grades only
    Seam 8m average.
    Tonnage calculated at 6.5mt.

    As Ben noted only a small portion of Flemington targeted thus far giving the possabilty of another world class resource similar to Sconi. JORC what we have so far in this program including maiden JORC and we have 4 year LOM so far.
    Extremely promising deposit. Nothing yet for a major rerate on this announcement alone but looking good for a second viable project under the AUZ banner. As management has announced a 12km drilling program with includes both definition and infill could see strike marginally increased. Strike is definitely opened on the west side so results from the resource definition/linear program, if positive showing mineralisation, will have a huge impact on resource quantum.
    I have only quickly glanced on grades to give me a viable zone to work on the above calcs. Some very good grades from this zone adding to a solid blend negating any low grade clusters within the zone.
    Some good grades at surface with good mineralised grades from 2-3m on many results returned shows good strip ratio. Definitely looking at less than 3 due to shollow deposit.
    Trend so far shows Flemington to progress into a bankable project......time will tell
    Cheers
 
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