30 January 2024
Quarterly Report for the
Period Ending 31 December 2023
|
KEY
POINTS:
· The
spot uranium price continued to strengthen during the quarter to
over US$100/lb U3O8 as at 29 January 2024.
This follows a roughly 90% price increase through 2023. The
strength in uranium demand is expected to continue, underpinned by
a fundamental global shift towards nuclear power as a low-carbon
and reliable energy source.
·
Aura Energy is well positioned to benefit from these
favourable macro trends with near term uranium production at Tiris
and significant potential growth in uranium resources:
o In addition to
the currently defined 58.9 Mlbs uranium Mineral Resource,
exploration targeting during the quarter identified seven new
exploration targets and estimated further resource potential of
between 8 - 32 Mlbs U3O8 from extensions to
the existing Mineral Resources.
o Drilling has
commenced to test these targets and to add Mineral Resources at
Tiris.
o 13,000
km2 of prospective uranium exploration tenements were
applied for in the Tiris uranium province during the quarter which
should result in future uranium discoveries.
o The Front End
Engineering Design ("FEED") studies for the Tiris Uranium Project
are well advanced and should be completed Q1 2024 and will be the
next step in delivering a commercial scaled low cost ~2 Mlbs/pa
uranium mine at Tiris.
o The ~2 billion
tonne Häggån polymetallic deposit in Sweden also contains, in
addition to vanadium, very significant uranium Mineral
Resources of 800 Mlbs U3O8. This adds further
leverage for Aura shareholders to a rising uranium price subject to
an anticipated change in Swedish legislation banning uranium
extraction. In the cooperation agreement between the four governing
parties in the Swedish conservative coalition, an amendment was
made in November 2023, stating that mining of uranium shall not be
prohibited. This is in line with the Swedish Government's ambitions
to expand the use of nuclear power and to build new
reactors.
·
Post the reporting
period:
o On 24 January
2024, the Company announced proceeds from the exercise
of approximately 82.5 million listed options expiring 30 June 2024
have been secured through option funding agreements and an option
exercise underwriting agreement, to raise A$4.3m.
o On 30 January
2024, Andrew Grove was appointed as Managing Director and
CEO.
|
|
Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") is pleased to provide an
overview of activities for the period ended 31 December 2023
("Quarter" or "Reporting Period") to accompany the
Appendix 5B. The priorities for Aura remain the development
of the Tiris Uranium Project in Mauritania ("Tiris") and advancement of the Häggån
Polymetallic Project in Sweden ("Häggån").
To view Appendix 5B, please click
here: http://www.rns-pdf.londonstockexchange.com/rns/3636B_1-2024-1-30.pdf
Uranium - price continues to
strengthen
The positive sentiment towards nuclear power has
shown no indication of softening. The rapid increase in the spot
price of uranium has occurred within the context of positive media
coverage about growing demand and the historic supply deficit. The
pivot towards nuclear energy reflects the reality that renewable
energy solutions are unable to provide sufficient reliable base
load energy supply to meet predicted consumption in the years
ahead.
Current thematics support the
positive uranium price trend to continue, including:
·
Available uranium stocks have fallen considerably;
· EU
sentiment towards nuclear power as an alternative and reliable fuel
source to replace fossil fuels has improved significantly;
and
·
Renewable energy sources are proving to have practical
limitations in terms of:
o Significant
infrastructure requirements (including batteries) to link to
existing power distribution networks
o Lack of
continuous generation capability (especially solar and
wind)
o Requiring
larger land footprints than traditional and nuclear energy
sources.
The United Nations' ("UN") COP28
climate conference held in Dubai in December 2023, officially
called for accelerating the deployment of low-emission
technologies, including nuclear energy, to help achieve "deep and
rapid decarbonization". The decision represents the first time the
198 signatory countries to the UN Framework Convention on Climate
Change have included nuclear energy in the Global
Stocktake.
Government policies are also more
focused on energy security and increased geopolitical supply risk
has further exacerbated the price rises. On
11 December 2023, the US House of
Representatives passed legislation that would potentially ban the
import of Russian uranium into the USA.
The US, Canada, UK, Japan and France
are among many countries that have pledged to triple nuclear
capacity by 2050[1]. In addition, in order to supply its rapidly growing reactor
fleet, China is seeking to increase uranium consumption from 30Mlbs
to 150Mlbs in the next 15 years[2].
Notable events during the Quarter
include:
· 22
nations pledged at the COP28 summit to triple nuclear capacity by
2050. [3]
· The
International Atomic Energy Agency's (IAEA) annual nuclear power
outlook high case projection sees installed nuclear capacity
increasing to 890 gigawatts by 2050 compared to 369 gigawatts
presently.[4]
·
Belgian Prime Minister Alexander De Croo, French President
Emmanuel Macron and Director of the IAEA Rafael Mariano Grossi
announced the world's first Nuclear Energy Summit will be held in
Brussels in March 2024. [5]
Tiris, Mauritania
The Tiris Uranium Project is
situated in the province of Tiris Zemmour, located in the northern
most region of Mauritania - a country supportive of responsible
development of mineral projects.
Throughout the Quarter, the Company
has continued progressing the Tiris Uranium Project towards
becoming a commercial scaled low cost ~2 Mlbs
U3O8 pa uranium mine as detailed in the Tiris
Enhanced Feasibility Study.[6]
The FEED study has largely been
completed, with the final review and release expected in Q1
2024.
An exploration targeting review in
October 2023 identified seven new exploration targets and estimated
further resource potential of between 30-60 Mt at 120 - 240ppm
U3O8 for 8 - 32 Mlbs
U3O8 from extensions to the existing Mineral
Resources.[7] A ~15,500m drilling program has
commenced subsequent to the end of the Quarter to test the new
targets and extend Mineral Resources.[8]
Given the high prospectivity of the
region, the Company applied for 13,000 km2 of new
exploration tenements in the broader Tiris area, in November
2023.[9] Once granted, these new
tenements will be systematically explored with the aim of
developing Tiris into a world-class Uranium province.
Figure 1 - Temporary
camp for the current exploration drilling campaign
Tiris Uranium Project Front End Engineering
Design Study
The Tiris FEED study is in the final
stages and release expected in Q1 2024. All technical
deliverables have been completed, and final review of capital and
operating costs and financial analysis underway. The capital
cost of the project has been significantly de-risked through
detailed engineering estimates, notwithstanding an anticipated
increase in capital cost impacted by global supply and inflation
factors, similar to those seen throughout the industry. Significant
economies of scale have been identified through increasing the
potential scale of production, partially offset by a reduction in
Mauritanian diesel fuel subsidies.
The Company remains confident of
delivering a strong financial result for the Tiris Uranium
Project.
The following diagram of the
production facility illustrates the largely modular and thereby
scalable nature of the planned processing plant.
Figure 2 - 3D Layout
of processing circuit module 2 Mlbs/pa U3O8
Tiris Uranium Project
Engagement with the Mauritanian
National Authority for Radiation Protection, Safety and Nuclear
Security ("ARSN") is ongoing, with Orano NPS appointed to finalise
the logistics solution for delivering Tiris yellowcake into the
global market and the export permit.
Negotiations with global utilities
over the award of offtake agreements ("Offtake") have been assisted
by the uranium spot price surging to 15-year highs. The spot price
of US$100/lb U3O8
reflects the growing worldwide acceptance
that nuclear energy will be critical for successfully transitioning
away from fossil fuel dependency and positions the company
advantageously leading into 2024.
Tiris Exploration
An exploration review using newly
acquired radiometric, historic radiometric and drilling data
demonstrated the strong correlation between radiometric strength
and uranium mineralisation. Geologists identified seven new
untested exploration targets. Exploration Targeting estimated the
potential for additional resources immediately adjacent and
contiguous to the existing Mineral Resource of between 8 Mlb to 32
Mlb U3O8[10] (see table
below).
A 15,500m air core drilling campaign
has commenced subsequent to the end of the Quarter, with the
objective of testing the newly identified targets and to expand the
Mineral Resources which can be subsequently added to the mine plan
for the future Tiris Uranium Mine (Figure 3).
Historically, because of the shallow
nature of the uranium mineralisation (<5m depth) and because of
the effectiveness of radiometrics as a targeting tool, Aura has
delivered Mineral Resources at very low cost of only US$0.20 per lb
U3O8 at Tiris.
|
Range of Tonnage and Grade
Expectations
|
Range of Exploration Target
|
Resource Area
|
Tonnes Lower (Mt)
|
Tonnes Upper (Mt)
|
Grade Lower
U₃O₈ (ppm)
|
Grade Upper
U₃O₈ (ppm)
|
Lower Range
Mlbs U3O8
|
Upper Range
Mlbs U3O8
|
Tiris East[11]
|
30
|
60
|
120
|
240
|
8
|
32
|
Total Target
|
30
|
60
|
120
|
240
|
8
|
32
|
Figure 3 - Tiris
Project exploration program target areas
The Tiris Zemmour Province, northern
Mauritania, has only had very limited uranium exploration, other
than by Aura, but is highly prospective for additional discoveries
similar to Tiris. Using Aura's deep knowledge of the area and the nature of the
uranium mineralisation, Aura has applied for an additional ~13,000
km2 of exploration tenements securing a controlling
position of this potential world-class Uranium province. The
tenements were identified through an extensive 12-month evaluation
program based on radiometric survey data and historical drilling
results compared to the work completed on the Tiris Uranium
Project. The Company is confident that the proven model of
successful exploration can be extended across the wider Tiris
Zemmour region.
During the Quarter, Aura received
the renewal of the exploration tenements for Oued El Foule Sud and
its subsidiary Tiris International Mining Co (TIMCO) tenements at
its Tasiast South project area, approximately 35km along strike
from Kinross' 20Moz Tasiast Gold Mine and is prospective for both
gold and nickel.
Table 1 - Aura Energy
exploration tenements
(NB. Tenement 561 - Oum Ferkik is
currently under application for exploitation permit)
Tenement No.
|
Name
|
Grant Date
|
Expiry
|
Km2
|
Holder
|
Equity
|
561
|
Oum Ferkik
|
|
|
60
|
Aura Energy Limited
|
100%
|
2365B4
|
Oued El Foule Sud
|
7/11/2023
|
7/11/2026
|
166
|
Aura Energy Limited
|
100%
|
2457B2
|
Hadeibet Belaa
|
7/11/2023
|
7/11/2026
|
41
|
Tiris International Mining
Co.
|
100%
|
2458B2
|
Touerig Taet
|
7/11/2023
|
7/11/2026
|
134
|
Tiris International Mining
Co.
|
100%
|
Häggån Project Update
The Häggån
project is located in Berg municipality
in the province of Jämtland in central Sweden and hosts a very
substantial ~2 billion tonne polymetallic Mineral Resource (Table
2, ASX release 10 October 2019) which includes 800 Mlbs of
U3O8. (2.35Bt @ 155ppm
U3O8, ASX release 22 Aug 2012).
The deposit is owned 100% by Aura Energy through its
subsidiary Vanadis Battery Metals AB.
Sweden is Europe's leading mining
and mineral nation. The adoption by the Swedish parliament of a new
energy target, changing from "100% renewable" to "100% fossil-free"
electricity, is an important part of the transition towards the use
of nuclear power and uranium mining in Sweden. The Company is
supportive of this policy and can play an important role in
supporting this energy transition.
Table 2 - 2019 Häggån Mineral Resource
Statement
The Company undertook a series of
community consultation meetings with local stakeholders in relation
to 100%-owned Häggån Project. These meetings have allowed the
community to ask questions regarding the project and the recently
released Scoping Study.
Aura continues to work towards the
submission of the 25-year exploitation permit and is undertaking
baseline environmental monitoring.
Following the completion of the
Scoping Study released in September 2023, Aura is confident in the
substantial economic potential that the Häggån Project offers to
Sweden, the local community and shareholders of Aura Energy. While
the potential to extract uranium from the ore body undoubtably adds
value to the project, the Base Case for the Häggån Project
(ex-uranium) still shows excellent economic returns.
Corporate Activities
Aura participated in the Toronto
Fall Mining Showcase and the International Mining and Resources
Conference (IMARC) in Sydney at the beginning of November
presenting to stakeholders and potential institutional
investors.
4.5 million options expiring 30 June
2024 at an exercise price of $0.052 per share were exercised during
the period.
The Company's cash position as of 31
December 2023 was A$5.87 million. The Company's major cashflow
movements for the quarter included:
·
Investments in the Company's Exploration and Evaluation
assets of A$1.24 million;
·
Staff costs of A$0.96 million; and
·
Admin and corporate costs of A$0.70 million.
The forecasted net operating
cashflow and investment in the Company's exploration and evaluation
assets for the coming quarter is A$2.92 million. With a closing
cash balance of $5.87 million, the company has enough cash for 2.01
quarters.
Post the reporting period, the
Company announced on 24 January 2024 that proceeds from the
exercise of approximately 82.5 million listed options expiring 30
June 2024 have been secured through option funding agreements and
an option exercise underwriting agreement, to raise
A$4.3m.
On 30 January 2024, Aura Energy
appointed Andrew Grove as Managing Director and CEO. Mr Grove is a
highly experienced mining and finance executive with extensive
global industry experience across multiple commodities. This
includes more than 30 years of managerial, technical, commercial
and finance experience, including significant expertise in uranium
and West African development and operations.
Tenement Summary
The Company holds the following
interest in mining tenements, farm-in and farm-out agreements at
the end of the Quarter:
Table 3 - Tenement Summary
Tenement No.
|
Name
|
Grant / Application
Date
|
Expiry
|
Km2
|
Holder
|
Equity
|
Mauritania
|
2491C4
|
Ain Sder
|
8/02/2019
|
2/8/2049
|
207
|
Tiris Ressources SA
|
85%
|
2492C4
|
Oued El Foule
|
8/02/2019
|
2/8/2049
|
190
|
Tiris Ressources SA
|
85%
|
561
|
Oum Ferkik
|
16/04/2008
|
Pending approval of application for
Exploitation License
|
60
|
Aura Energy Limited
|
100%
|
2365B4
|
Oued El Foule Sud
|
07/11/2023
|
07/11/2026
|
166
|
Aura Energy Limited
|
100%
|
2457B2
|
Hadeibet Belaa
|
07/11/2023
|
07/11/2026
|
41
|
Tiris International Mining
Co.
|
100%
|
2458B2
|
Touerig Taet
|
07/11/2023
|
07/11/2026
|
134
|
Tiris International Mining
Co.
|
100%
|
Tenement No.
|
Name
|
Grant / Application
Date
|
Expiry
|
Km2
|
Holder
|
Equity
|
Sweden
|
2007-243
|
Häggån nr 1
|
28/08/2007
|
28/08/2024
|
18
|
Vanadis Battery Metals AB
|
100%
|
2018-9
|
Mockelasen nr 1
|
21/01/2019
|
21/01/2024
(new
application applied for)
|
18
|
Vanadis Battery Metals AB
|
100%
|
2018-7
|
Skallbole nr 1
|
20/01/2019
|
20/01/2024
(new application applied
for)
|
8
|
Vanadis Battery Metals AB
|
100%
|
Farm-in agreement with Nomads Mining
Company sarl, Mauritania, Aura, through subsidiary Archean
Greenstone Gold has earned a 70% interest in Nomads 100%-owned
exploration permit in Mauritania (refer to ASX announcement 11 June
2019).
ENDS
The Board
of Aura Energy Ltd has approved this announcement.
Market Abuse Regulation (MAR)
Disclosure
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication
of this announcement via Regulatory Information Service ('RIS'),
this inside information is now considered to be in the public
domain.
For
further information, please contact:
David Woodall
Managing Director and CEO
Aura Energy Limited
info@auraenergy.com.au
|
Paul Ryan
Citadel-MAGNUS
Investor & Media
Relations
pryan@citadelmagnus.com
+61 409 296 511
|
SP
Angel Corporate Finance LLP (
Nominated Advisor and Broker)
David Hignell
Kasia Brzozowska
+44 (0) 203 470 0470
|
|
About Aura Energy (ASX: AEE, AIM:
AURA) 
Aura Energy is an Australian-based
exploration and mining company with major uranium and polymetallic
projects in Africa and Europe.
The Company is focused on uranium
production commencing at the Tiris Project, a major greenfield
uranium discovery in Mauritania.
Aura plans to transition from a
uranium explorer to a uranium producer to capitalise on the rapidly
growing demand for nuclear power as the world shifts towards a
decarbonised energy sector.
Aura also owns 100% of the ~2
billion tonne Häggån Polymetalic Project in Sweden. Häggån contains
a global-scale vanadium and uranium resources that could
potentially be mined for generations. Utilising only 3% of the
resource, a 2023 Scoping Study outlined a potential 27-year mine
life based on mining 3.5 Mtpa.
Disclaimer Regarding Forward-Looking
Statements
This ASX announcement (Announcement)
contains various forward-looking statements. All statements other
than statements of historical fact are forward-looking statements.
Forward-looking statements are inherently subject to uncertainties
in that they may be affected by various known and unknown risks,
variables and factors which could cause actual values or
results, performance, or achievements to differ
materially from the expectations described in such forward-looking
statements. The Company does not guarantee that the
anticipated results, performance, or achievements
expressed or implied in those forward-looking statements will be
achieved.
Competent Persons Statement
The Competent Person for the portion
of the 2022 Tiris Vanadium Mineral Resource Estimate and
classification relating to the Hippolyte, Hippolyte South, Lazare
North, and Lazare South deposits is Mr Arnold van der Heyden of
H&S Consulting Pty Ltd. The information in the report to which
this statement is attached that relates to the 2018 Mineral
Resource Estimate is based on information compiled by Mr van der
Heyden. Mr van der Heyden has sufficient experience that is
relevant to the resource estimation to qualify Mr van der Heyden as
a Competent Person as defined in the 2012 edition of the
'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves. Mr van der Heyden is an employee of
H&S Consultants Pty Ltd, a Sydney-based geological consulting
firm. Mr van der Heyden is a Member and Chartered Professional of
The Australasian Institute of Mining and Metallurgy (AusIMM) and
consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.
The Competent Person for the portion
of the 2022 Tiris Vanadium Resource Estimate and classification
relating to all other deposits within the resource (Sadi South,
Sadi North, Marie, Hippolyte West, Oum Ferkik East, Oum Ferkik West
deposits) is Mr Oliver Mapeto, an independent resources
consultant.
The information in the report to
which this statement is attached that relates to the 2018 Resource
Estimate is based on information compiled by Mr Mapeto. Mr Mapeto
has sufficient experience that is relevant to the resource
estimation to qualify Mr Mapeto as a Competent Person as defined in
the 2012 edition of the 'Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves. Mr Mapeto
is a Member of The Australasian Institute of Mining and Metallurgy
(AusIMM) and consents to the inclusion in the report of the matters
based on his information in the form and context in which it
appears.
The Competent Person for drill hole
data and for integrating the different resource estimates is Mr
Neil Clifford. The information in the report to which this
statement is attached that relates to compiling resource estimates
and drill hole data is based on information compiled by Mr Neil
Clifford. Mr Clifford has sufficient experience that is relevant to
the style of mineralisation and type of deposit under consideration
and to the activity which he is undertaking to qualify Mr Clifford
as a Competent Person as defined in the 2012 edition of the
'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves. Mr Clifford is a consultant to Aura
Energy. Mr Clifford is a Member of the Australasian Institute of
Geoscientists. Mr Clifford consents to the inclusion in the report
of the matters based on his information in the form and context in
which it appears.
Appendix 1: Resources and Reserves
Table 1 - Tiris Uranium Project Updated Mineral
Resource Estimate
|
|
Mineral Resource Estimate
February 2022[12]
|
Mineral Resource Estimate
February 2023
|
Resource Location
|
Category
|
Tonnes
(Mt)
|
U3O8
(ppm)
|
U3O8
(Mlbs)
|
Tonnes
(Mt)
|
U3O8
(ppm)
|
U3O8
(Mlbs)
|
Hippolyte North
|
Measured
|
5.7
|
225
|
2.8
|
8.0
|
236
|
4.2
|
Indicated
|
6.5
|
217
|
3.1
|
5.8
|
217
|
2.8
|
Inferred
|
7.4
|
281
|
4.6
|
4.7
|
212
|
2.2
|
Sub-Total
|
19.6
|
245
|
10.5
|
18.5
|
224
|
9.1
|
Hippolyte Marie & West
|
Inferred
|
8.2
|
310.0
|
5.6
|
8.2
|
310
|
5.6
|
Hippolyte South
|
Indicated
|
4.8
|
192
|
2.0
|
4.6
|
192
|
2.0
|
Inferred
|
3.1
|
176
|
1.2
|
2.7
|
176
|
1.1
|
Sub-Total
|
7.9
|
177
|
3.2
|
7.4
|
186
|
3.0
|
Lazare North
|
Measured
|
1.1
|
284
|
0.7
|
1.0
|
282
|
0.6
|
Indicated
|
10.6
|
229
|
5.4
|
10.1
|
229
|
5.1
|
Inferred
|
3.9
|
210
|
1.8
|
3.7
|
210
|
1.7
|
Sub-Total
|
15.6
|
224
|
7.9
|
14.8
|
228
|
7.4
|
Lazare South
|
Measured
|
3.4
|
239
|
1.8
|
8.6
|
233
|
4.4
|
Indicated
|
2.6
|
219
|
1.3
|
5.2
|
226
|
2.6
|
Inferred
|
9.1
|
214
|
4.3
|
4.8
|
222
|
2.3
|
Sub-Total
|
15.1
|
225
|
7.4
|
18.6
|
228
|
9.3
|
Sadi
|
Measured
|
|
|
|
11.5
|
189
|
4.8
|
Indicated
|
4.5
|
240
|
2.4
|
7.4
|
200
|
3.2
|
Inferred
|
14.8
|
266
|
8.7
|
10.3
|
228
|
5.2
|
Sub-Total
|
19.3
|
301
|
11.1
|
29.2
|
206
|
13.2
|
Total Tiris East Resource
|
Measured
|
10.2
|
235
|
5.3
|
29.1
|
218
|
14.0
|
Indicated
|
29.0
|
248
|
14.2
|
33.0
|
215
|
15.6
|
Inferred
|
46.5
|
254
|
26.2
|
34.5
|
237
|
18.0
|
Total
|
85.7
|
242
|
45.7
|
96.6
|
224
|
47.7
|
Oum
Ferkik Resource
|
Inferred
|
16.4
|
305
|
11.2
|
16.4
|
305
|
11.2
|
Total Tiris Project Resource[13]
|
102.1
|
253
|
56.9
|
113.0
|
236
|
58.9
|
The declared Ore Reserve, at a 110
ppm U3O8 cut off is shown in
Table 2.
Table 2 - Updated Ore Reserve
Description
|
Mt
|
U3O8
(ppm)
|
U3O8
(Mlb)
|
Lazare North
|
Proved
|
0.9
|
298
|
0.6
|
Probable
|
7.9
|
251
|
4.4
|
Lazare South
|
Proved
|
6.5
|
264
|
3.8
|
Probable
|
2.6
|
291
|
1.7
|
Hippolyte
|
Proved
|
5.7
|
270
|
3.4
|
Probable
|
7.1
|
231
|
3.6
|
Sadi
|
Proved
|
6.1
|
232
|
3.1
|
Probable
|
3.3
|
261
|
1.9
|
Total Ore Reserve
|
Proved
|
19.3
|
257
|
11.0
|
Probable
|
21.3
|
251
|
11.6
|
Total Tiris East Reserve
|
40.3
|
254
|
22.6
|
Notes:
1. Ore Reserves are
a subset of Mineral Resources.
2. Ore Reserves
conform with and use the JORC Code 2012
definitions.
3. Ore Reserves are
calculated using a uranium price of US$65 /lb.
4. Ore Reserves are
calculated using a cut-off grade of 110 ppm U3O8.
5. Tonnages are
reported including mining dilution.
6. All figures are
rounded to reflect appropriate levels of confidence which may
result in apparent errors of summation.
Table 3 - 2019 Häggån Mineral Resource
Statement[14]
V2O5
Cut-Off
|
Class
|
Mt Ore
|
V2O5
|
Mo
|
Ni
|
Zn
|
K2O
|
Million lbs
|
%
|
|
|
%
|
ppm
|
ppm
|
ppm
|
%
|
V2O5
|
0.10
|
Indicated
|
45
|
0.34
|
213
|
365
|
501
|
4.11
|
332
|
Inferred
|
2,503
|
0.27
|
200
|
312
|
433
|
3.73
|
14,873
|
0.20
|
Indicated
|
42
|
0.35
|
217
|
375
|
512
|
4.13
|
320
|
Inferred
|
1,963
|
0.30
|
212
|
337
|
463
|
3.80
|
13,010
|
0.30
|
Indicated
|
61
|
0.38
|
223
|
398
|
536
|
4.22
|
258
|
Inferred
|
954
|
0.35
|
226
|
374
|
503
|
3.95
|
7,390
|
0.40
|
Indicated
|
11
|
0.44
|
225
|
429
|
580
|
4.46
|
101
|
Inferred
|
113
|
0.43
|
232
|
419
|
562
|
4.25
|
1,072
|