Ann: More strong drill hits across key prospects, page-59

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Joelstar

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22/03/24

09:34

Post #: 73007248
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Originally posted by pbawley: ↑

Thanks @wassa - that is very encouraging, the difficulting in open pit mining in confined spaces was one of the reasons they were struggling 18 months ago, I was hoping all that could be bypassed by reconfiguring the access and creating a new access for bulk underground from somewhere in the pit maybe above West Winds. But I have no clue.

Sort of related, in the latest Money of Mine podcast (21 Mar) they are talking about the fact that the processing plant is too big now is the 'major turnoff' for a potential acquirer.

Is that right? I was assuming it can be run part time or tweaked to run at lower capacity with higher grade and different mineralisation (with the extra crusher/mill being the major expenditure needed).

I don't have any experience from other miners to relate it too - how big a change is it to run at a lower throughput and what does it do to costs etc?

Do you have any insight to share?

Thanks

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It's all bullshit.
The plant can be easily tuned down to run at a lower throughput.
WGX Bluebird mill has a 3mtpa nameplate yet now operates at a throughput rate of between 1.6-1.8 mtpa.

SPR Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
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Ann: More strong drill hits across key prospects, page-59

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