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Gunslinger27

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28/11/18

19:39

Post #: 36676692
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Originally posted by Lowkeyinvestor: ↑

I was going over the last quarterly for the period ending Sept 2018 and this caught my attention.

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New mining tenements have been pegged for the mine, associated infrastructure and groundwater drilling. Access negotiations have commenced with underlying land holders and the traditional owners. These negotiations are progressing very well. Once the groundwater licences have been granted, hydrogeological drilling of our planned bore fields will commence.
During September, biological surveys were completed over the planned development areas. No rare flora or fauna were identified confirming previous surveys from 2007. These survey results together with the smallscale and environmental risk of the project reinforce the MTJV’s view that the environmental approvals pathway for the project will be straight forward.
Golder have been commissioned to upgrade the Mt Thirsty resource from JORC 2004 to JORC 2012 to enable an Ore Reserve to be declared at the completion of a positive PFS.

Golder have been commissioned to upgrade the Mt Thirsty resource from JORC 2004 to JORC 2012 to enable an Ore Reserve to be declared at the completion of a positive PFS.

Does this mean we have more drilling to do after the PFS is released or is an upgrade to JORC 2012 accomplished from the data we have already and forms part of the PFS?

Does anybody know or offer a thought?

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The Jorc 2012 upgrade will be delivered with the PFS.

If drilling is required to achieve Jorc 2012 it will be carried out previous to this.

BAR Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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