If one wants to figure out the Wellgreen
you'll have to sift former years.
2012 Here is where more minerals are revealed using fusion assaying.
Peridotites columb # 3 - Titanium, Chromium, Dual Nickel, Notice - Pt, Pd grades in peridotite.
MET TESTS Composite -
80% Peridotite, 15% Gabbs, 5% Sulphides
2014 + 2015 2014 Wellgreen Platinum reported
329,569,000 million tonnes
M + I 846,389,000 million tonnes
Inferred Two pits ( east + west ) and kept underground mine ( high grade )
Stockpile silicate ( peridotite ) mine these ores after 25 yr
They estimated - another 31 yrs (
total 56 yrs )
2015 Nickel Creek ( middle chart )
Indicated loses tonnage
Measured loses tonnage
Inferred loses massive tonnage
Do not use or provide
M + I If they did.... what would it compare to 2014 ?
192.8 million tonnes
329,569,000 ( 2014 )
- 192,800,000 ( 2015 )
=
136,769,000 ( 2015 loses massive M + I ) They use a total resource that includes inferred
at first glance - one can easily confuse resource size reading - total
BOOM Waste category is introduced.
296,200,000 million tonnes ( Peridotites ???? )
2014 - would stockpile and mine these later.
2015 - Are they labelling silicate peridotites as, waste ?
2015 - Could this be a
turning point using diff pit models ?
Along with reduced ( measured, indicated, inferred )
2015 image of West Zone Intercepts -
Remember when i posted - I read historical reports that said West zones
also have the silicate overlay peridotites ?
- WS 139 - ( 511 m intercept )
371 m upper
140 m lower
Seems one can produce a predictable outcome ?
Want more peridotite - drill further back come in on angle.
Want more sulphide, find seam, drill near vertical.
Would the 371 m be categorized as, waste ????
Just as well mineralized as, lower ultramafics.
Notice upper lower intercepts come onscene.
Upper Lower Ultramafics
2016 rolls round 2015 + 2016 drill assays finally revealed.
Even other drills from, 2014.
Seems resource doesn't really grow when compare to
2014 - 2016 - 2023
2017 Geological name changes + boundary changes
Can't process silicates, sulphides in solid solution, microcrystalines
Practical Entitlement
Later on, another 10% resource loss.
2023 Different pit models
No underground resources in reserves
Pits seem very shallow when compared to, 500m to 762m intercepts
Main Wellgreen map in 2023 pfs shows
No, A B conditions yet, upper / lower holes, geology change, practical entitlement, massive loss
of inferred and shallow pits all suggest
= might be A B conditions in play
= prior to Yukon's Mineral Legislation...?
Even 2023's 4 pit models under 2 km
2014's 2 pit models over 2 km
2012 - $1.2 billion NPV
2014 - $2.3 billion NVP
2023 - $147 million NPV
SUM ? 2015 forward = radical changes.
Bring back massive inferred + mine it like 2014
use diff extraction
mine silicates firstly even blend like 2012
why was 2012 MET studies not used ?.
If mine model is flipped upside down ? Mine sulphides firstly
Silicate peridotites = Waste.
2014's inner highgrade core ( first image bottom chart )
Inferred + M + I ) i'm assuming it's the DEEP zones
246 million tonnes
x 2.4/g Pt Eq
= off the charts in, Pt Eq Oz.
Somewhat conservative.
Platinum was really expensive back in 2014
Copper + Nickel near or close to present day spot prices
Using wellgreen's other minerals to make a Pt Eq
with todays spot prices = all the more Pt Eq's.
Cheers...