I don't believe that the announcement will amount to anything that is going to,move the Share Price. AAU have the metallurgical results and are preparing the release, the trading halt is routine practice. Alot of excitement about La Dem a project that according to the last quarterly report will start production in Q2 2027. The testing is required to assess the proposed roaster//CIL plant. Important but nothing special.
The real question is what progress is
happening with the NS mine.
again according to the Quarterly report for June 2024 the following activities were to be sorted in the in the current quarter. Ie by the end of September.
Establish the initial MRE
Pit optimisation and mining schedule
metallurgical test work completed
Environmental permitting
Complete the Pre-Feasibilty Study
Concerntrate off take and financing
without the Nueva Sabana mine in production there will be no La Dem.
The silence on NS is deafening!!!
Ann: Trading Halt, page-42
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