AUZ 7.69% 1.2¢ australian mines limited

The Drop, page-142

  1. 3,068 Posts.
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    Hi PJMAC Sorry for taking so long to get back to your knowledgeable reply but I was in a meeting doing my day job as a mining project engineer regarding the start up and commissioning of a major gold plant expansion in West Africa which goes along with my previous experience of design , construct , commission and rampup of Goro, Raventhorpe and Murrin Murrin nickel laterie plants (ah same as what AUZ are going to build). But yes a Resource scoping study has been carried out but no Reserve study has not been done ,see below from Annual Report Pg 33 date 30Jun2017
    (ii) activities in the area of interest have not at the reporting date, reached a stage which permits a reasonable assessment of the existence or other wise of economically recoverable reserves and active and significant operations in, or in relation to, the area of interest are continuing
    DYOR Champ
 
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