Additional work is currently in progress on a range of new diamond drill core samples of weathered mineralisation to evaluatethe potential to simplify the process and further optimise the concentrate grade and recoveries.
Test work is also in progress on samples of fresh rock mineralisation to determine the potential to provide additional feed for the operation later in the life of the project.
The Company has appointed specialist consultants HCV Africa to conduct the international (bankable) environmental and social impact assessment (ESIA), while Angolan based consultants Grupo Simples have been appointed to conduct the regulatory ESIA. Studies are on track for the completion of a final regulatory report by the end of this year.
Financial, Technical and Economic Feasibility Study (“EVTEF”). The EVTEF will be based on the findings of the Study and submitted in 2019 Q4 and is subject to a 3 month review process.
January: A bulk 60 tonne sample of Longonjo’s weathered zone mineralisation has been collected and is being transported to Australia to feed planned confirmatory pilot plant testwork on the final optimised process flow sheet.
PM8 Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
