What are good metal grades?

prawn_86 said:

Hi all,
A question that could be beneficial to all the newbies out there like myself.

What are good/acceptable/feasible grades and depths for all the major mtals out there?

A link or some basic data would be much appreciated.

And obviously it depends on the amt of other metals present, but im just after a very basic guide.

thanks in advance

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YOUNG_TRADER said:

Hi there,

I'm no expert, I can only offer my opinion on the following commodities

Uranium 0.05% or above, but with increasing prices 0.03% will soon be viable

Iron Ore 60%+ Fe (With low impurities)

Nickel 1%+

Gold 2-3g/t Minimum

Zinc 5% +

Copper Really 2%+

But it all depends on commodity price, as prices increase it becomes economic to mine lower and lower grade ore,


Other important factors are

- Proximity to infrastructure (The closer the better, with Toll Treating the best!)

- Impurities in the deposit soil (Less impurities = less chemical benefication required)

- Major JV or funding backed by Insto? (Very important as most projects can cost between $50- $250m in CAP EX)

- Depth (Always favour Open Pit)

Hope this helps

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