Aston Bay Holdings Ltd V.BAY

43-101 / JORC

[traps7]

Just in-case you missed this important fact here, on page 5 of the Auusie jorc, 

PS, Notice ..the 17.5 Million tons of copper...
       Notice..65 % of this 17.5 Million tons, has a grade Higher than 1.5 % grade..

PS, Notice..a cut-off grade of .35% cu, was used here looking at slide on pg5.

IMO,. Reading this report , this low cut-off grade here means that BAY-AWM can be Profitable at .35 %cu and seeing that the average above 1.5 % being 3 x higher than cut-off grade of .35 % there is alot of room for the Benification to establish 2 to 3 times the resources concentrate cutting down to a World demand of a 30 % cu.concentrate..

ps,Canadian 43-101, out soon,..

 

31-Jan-2024

Investor Presentation...Aussie version.

Let The Drills Be Our Friends

Traps7

31-Jan-2024

Investor Presentation

[TheNextBigThing]

Isn't the cut off just an estimate at this point? Won't the get a. Ether idea of a true cutoff grade in the PEA and FS?

[schocor]

Yeah his comment was a little out in left field. NOte: This is NOT a 43-101. 43-101 require resources that can be extracted at a profit (reserves). The JORC has none of these considerations and THAT is the reason yuo cant release JORC's in Canada.  As nedxt big think noted, the .35% is just the cut off grade they used in the block model to get to the 17m tonnes of material; NOT an

[traps7]

3.2.8: The Concept of a Cutoff Grade Print 3.2.8: The Concept of a Cutoff Grade We know that orebody characteristics such as the grade vary spatially within the orebody, and as we approach the boundaries of the deposit, the grade will begin to decrease to zero. Eventually, the cost to mine and process a ton of ore will