Below the reply from Dean to my email i sent this morning (prompt reply) re: placement/raising and resource upgrade, zac Seems to me DFS wont be mid year :-(
Good Morning Thank you very much for your support and interest in Marengo Mining, if I can ever assist with any further enquiries please feel free to contact me directly.
In relation to the delays that have been encountered, we have been working on a revised resource statement. The Canadian authorities insisted that this be incorporated into a full technical report called an NI43-101 report before we can continue to close the prospectus. This has been completed and we are expecting to be able to publicly release this updated report in the next few days.
To confirm the Resource update is a separate announcement to the Feasibility Study, which is still scheduled for later in the year.
Regards
Dean Richardson
VP Investor Relations
Marengo Mining Limited
Level 1/ 9 Havelock Street
West Perth 6005
T: +61 8 94290000
M: +61 400121612
W: www.marengomining.com
MGO Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held