Just a few odds and ends from the quarterly that seem like good news to my ears. I have omitted the released resources upgrades (everyone knows already) but there is some other interesting stuff.
So they have pretty much all of the stuff they needed to install as set out in the mine construction plan. This is good. Chuck on the airlock and the silent ventilation fan and we'll be good to go.
The company says 100,000 tonnes (noting that 1 tonne is 1.102 tons) per annum of ore. I'll take them on their word that's what they're consented for but even if not, well, the cash flow of 50,000+tpa will be just fine for an initial bulk sampling phase.
The fact that the company is discussing a further bulk sampling programme for the Deeps is really interesting - or will be, once the Talisman/Bonanza JORC upgrades are released.
Bonzana/Talisman module to be released in the next 10 days from the announcement. We're already 2 days deep into that. Could be any moment! As discussed on here, Bonanza/Talisman appears to be the "meat in the sandwich" between Dubbo and Woodstock so I'm expecting big things.
Mystery and Crown veins will also receive JORC resource upgrades in the near future too which is very exciting itself. Will NTL end up near 1m ounces?
NTL is currently constructing and operating under a prospecting consent (before it initiates its bulk sampling consent) so I am really interested to see what the assays of their 5kg bags come to. I wonder how many 5kg bags they can take. The District Plan doesn't specify a number so hopefully it's unlimited 5kg bags, albeit I haven't seen the compliance certificate for the activity.
I think most investors these days have a keen eye for environmental issues. Keen and rational (not to be confused with placard waving, chem trail believing drongos who roam the countryside being a solution looking for a problem). For this reason it is helpful that the company has committed to improving the state of the area. The repair of the culverts is really important because it should stop any
existing flow of dirt and gorse seeds down the side of the hill. Native plant nursery is a great idea too. Rats destroy native birds so it is helpful to give them the old heave ho as well.
Great to see Talisman also keen to continue its work with DOC and improving tourism sites around the area.
On balance, I am really pleased with NTL's last quarter. Looks like it has been busy as hell, management are doing a good job imo.
