Ann: Statutory Accounts Y/E 30 June 2017, page-6

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Meteor

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15/02/18

20:30

Post #: 31089307
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Originally posted by Meteor ↑

This is what I found "heart-warming" as it is about our future and a great future it is if we can realise it (page 12). My view is that "indeed we can"!!

"Likely Developments and Expected Results of Operations

The Company is continuing to develop a four year plan to maximise the value of its projects and, with this in mind, is:

Carrying out feasibility studies for the establishment of:

a new polymetallic mining project at Einasleigh with 1.9Mtpa ore concentrator; and

a tin mining project at Mt Garnet with 500ktpa ore throughput.

Developing and operating current projects, including:

Completion of mining of existing Mt Garnet mineralisation;

Development of Mt Garnet Deeps;

Refurbishment and mining of Dry River South (“DRS”) and DRS 1000 Panel with mine production planned to commence during the March 2018 quarter; and

Development and mining of the Maitland Copper Project.

Optimising the Mt Garnet polymetallic circuit to maximise production at approximately 600,000 tonnes per annum (approximately 70 tonnes per hour).

Building a stockpile of ore at Mt Garnet as a buffer to address any variability in mine production and hence ensure adequate mill feed to maximise mill output and allow blending of Mt Garnet and DRS ores that performed very successfully with previous operators.

Suspending mill production for a brief period from mid November 2017 until March 2018 to generate a sufficient stockpile at Mt Garnet. The restart of the mill is then intended to run without interruption through to 2021 at approximately 600,000t pa.

Continuing the exploration and development programs at Einasleigh, Surveyor and Mt Garnet."

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Really upsetting when you cannot import formatting properly like point 1, point 2, etc!! Why do points 1 to 6 all come across as 1??
CSD Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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Ann: Statutory Accounts Y/E 30 June 2017, page-6

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