Over 80 Million Tonnes in Initial Resource
- Independent resource estimate prepared by Hellman & Schofield Pty Ltd (H&S) on Anthony project drilling to date
- 81 million tonnes (Mt) at 0.043% (430 ppm) molybdenum (Mo) at a cut-off grade of 0.02% (200 ppm) Mo in primary sulphide zone
- Includes a high grade zone of 13.5 Mt at 0.075% (750 ppm) Mo
- Additional 36 Mt of oxide and mixed sulphide-oxide at 0.02% (200 ppm) Mo cut-off grade
- Mineralisation continues at depth with 15 holes assaying greater than 200 ppm Mo at bottom of hole
- Resource remains open laterally, with less than half of main soil anomaly drilled
- H&S has recommended a priority 2000m drilling program with the objective of expanding this initial resource
- Submitted standards suggest the Mo grade may be understated by 10-15%
