VAN released update today again, operations start from next month and gold production scheduled in August.
Quote:
"K2 is the most developed, having approximately 840m
of decline driven from a box cut with approximately 200m of level capital development, making it the
quickest and cheapest method of accessing high-grade underground ore. Further development of K2 will involve the dewatering of the pit and commencing
underground mining.
The Company is now in a position to move quickly and our experienced mining team is on the ground ready to start production as soon as regulatory requirements
are concluded.
Vango Mining Ltd currently has a toll-treatment agreement in place to treat and process ore through Billabong Gold’s nearby Plutonic facility. This is enables
Vango to begin processing ore without the capital expenditure or time delays associated with construction
and commissioning of such a facility.
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