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2.5¢ st george mining limited

Ann: Results of Annual General Meeting, page-34

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mulac1

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29/11/20

14:14

Post #: 49219697
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Originally posted by OT1961: ↑

Hi Mulac1

I understand that they already looked at options to build or hire a mobile concentrator to produce concentrate. The front end of the plant is readily available for hire. It really depends on the size of the orebody and how quickly they wish to mine it. Companies like Mineral Resources specialise in BOO processing plants which could be a option going forward. No upfront Capital is require just an ongoing cost of per tonne for concentrate production.

I understand from my discussions at the last meeting that small mobile concentrator options are being considered as part of
the Scoping Study. The Canada test work will provide the flow sheet and critical equipment required to maximise the recoveries of all the contained metals in our concentrate which then are extracted during the smelting process. Personally I feel the BOO (A Contractor builds, owns and operates the plant) would be best option.

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Cheers and thanks for that OT...most informative. interesting times ahead on several fronts.

A pay as you go mobile BOO system must be an option that would work well for SGQ considering their current separate discoveries.

Any idea what the going cost rate is per tonne of concentrate produced?

Cheers
Mulac1

SGQ Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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