The information of a mining project for a life of three years is given below:
Additional data: Applicable tax rate = 30%
Discount rate = 10%
Depreciation method: Straight line with zero salvage value
Data from a borehole log with collar elevation at 590 mRL are given below. Composite grade is calculated using cores of 5 m above and below the reference bench at 580 mRL. The composite grade, in %, is: