AUZ 4.00% 2.4¢ australian mines limited

Snippet taken from todays announcement / Page 2."As a result,...

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    Snippet taken from todays announcement / Page 2.

    "As a result, the Company has engaged a leading independent resource consultant group to immediately commence a re-estimation of the Sconi Mineral Resource, with the updated Resource statement expected to be announced by April 2019.


    5. For reference, the average cobalt grade of Katanga Mining Limited’s operation in the Democratic Republic of Congo is 0.54% (Measure and Indicated Resource)
    see http://www.katangamining.com/~/media/Files/K/Katanga-mining-v2/operations/reportsoperational/technical-report-march-2018.pdf for Katanga Mining’s NI 43-101 Technical Report on the Material Assets of Katanga Mining Limited, Lualaba Province, Democratic Republic of Congo"
    ====================================================================

    JD _ have a query ...

    > If <
    AUZ's updated Resource statement (expected) April 2019 is truly upgraded to new Cobalt average grades anywhere near 0.5 - 0.54% ...
    - or higher.
    and including decent Tonnage ...

    > Then <
    could it be at all possible for Glencore to be interested in AUZ too _ as they were in Katanga Mining Limited???

    AUZ also has many Geographical, Political and Ethical attributes making it a very juicy slice of the "Global" Cobalt pie

    GLTAH









 
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