As per annual general meeting report 11 Nov 2015
Phillips Find Mining Centre
*Open‐pit mining complete
*32,840 ounces produced from three pits (Newminster, New Haven & Bacchus Gift)
*Underground mining potential below all three pits ‐> large mineralised system poorly tested below 100m vertical below surface
*Geology/structure analogous to Mt Pleasant gold mining area (+4Moz)
*Strategy ‐> Underground operation within 2 years Targeting 50,000 – 100,000 ounces per annum, medium to long term operation
Must be kidding for under a $5million market cap
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