DEG 6.05% $1.49 de grey mining limited

Broker reports, page-55

  1. 2,798 Posts.
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    No worries, I tried to make it as clear as possible without jargon.
    Yes it needs further processing.Using the sample 4 from the table , they’ve removed 92.5% of the mass and so only 7.5% is left. And this contains 92.3% of all the gold. However the initial gold grade is 2.6g/t.
    As a % that’s 2/1000x1000= .000002% so there’s still a lot of mass to remove.
    The POX ( which acts to breaks down the ore further) then recovers 99% of that gold into a mass.Then CIL for further final gold extraction.
    They can tweak lots things for best balance of a performance to costs ratio.
    The last column with title ‘ overall gold recoveries prior to POX’ I found a bit confusing as the amounts are higher than what they say their getting after POX...
    Those figures are not the final gold by itself.It must be that after flotation and CIL it’s still a has other mass included otherwise why use a POX circuit?

    Last edited by Blue swims: 16/07/20
 
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