G'day all, Some extracts taken from NST's Denver presentation, its informative as it gives clear
indication as to the $$$$$ being committed to the Tanami .
Central Tanami Project; Next Tier Of Growth
Previously a Newmont asset which produced 2.1 Mil Oz over 18 years
averaged 120,000 Oz p/a-peak year production 170,000 Oz-only mined
pit to a depth of 125mts.
In the last 5 years has seen $40,000,000au invested at groundrush
in exploration, drilling & feasibility studies.
Groundrush current Resource is 1,100,000 Oz.
Plan to- this year to refurbish the plant (CTP) to obtain 60% J.V. interest in TAM.
Has the potential to be 120-150,000 -p/a producing asset as of 2018 onwards.
( I was out a bit when I previously quoted 180,000 Oz-apologies )
Consider 40-million au has been spent in the last 5 years & the groundrush deposits
position relative to Hyperion, Hyperion South & Tethys's 1.3km's of mineralisation .
With current diamond drilling results due & with a resource update pending
we can assume reasonably with this resource increasing in volume & size
& as it appears to be still open in many directions, it almost undoubtedly is rapidly
becoming another tempting asset ABU holds- indicating future J.V.-considerations
with this resource given its position are likely, especially when you consider the -
40 million au having already been spent in 5 years developing a resource in close proximity.
imo-dsoyor
gltah-salt
- Forums
- ASX - By Stock
- PRX
- ABU's Future Potential Blowing My Mind !!!
ABU's Future Potential Blowing My Mind !!!, page-53
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.664M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $1.58K | 789.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 96942431 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 5061634 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 96942431 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 5061634 | 4 |
0.003 | 22932889 | 18 |
0.004 | 4755526 | 6 |
0.005 | 889000 | 1 |
0.010 | 1240000 | 2 |
Last trade - 13.55pm 04/10/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |