Morila with exploration upside is set to make holders a lot of money. Simple, robust Goulamina will do the same.
Extract from the GOLD project description on the Website:
" KEY ADVANTAGES
World Class: Cash generating asset that has produced over 7.4 million ounces of gold
Producing Gold Now: Processing tailings to mid 2021
Leverage Sunk Capital: US$300 million plus to replicate infrastructure and drilling
Near Term Production Growth: Mining of satellite pits in 2021
Long Mine Life Possible: 1.3 million ounces at Morila main pit, upgrade imminent
Excellent Exploration Upside: A decade since last major drilling effort at Morila and adjacent targets
Funded: Cashflow from operations and $29 millioncash on hand
Experienced Team: Full operating team in place who have remained with the mine."
All good news to come. Can't wait for Webinar update.
Extract from the Lithium project description on the Website
" KEY ADVANTAGES
High Grade:Ore grade averages 1.6% Li2O in the first 5 years and 1.51% for the Life of Mine (LoM), one of the highest-grade deposits globally Recovery of Li2O is 77%, again one of the best among peersIron and mica impurities are low, lower than peers which results in a preferred product for customers
Low Cost:At an average LoM All in Sustaining Cost (AISC) of US$306 per tonne of 6% spodumene concentrate produced, one of the lowest costs globallyCapital costs are low with capital intensity being among the lowest globally
Low Risk:The Ore Reserve is entirely open pit making for straightforward and low risk miningProcessing is simple and low cost given a flotation only approachSimple, robust and high grades and low strip ratios enhances profitability
World Class:Average Spodumene concentrate production of over 436,000 tonnes per annum of concentrate places Goulamina as one of the largest lithium developments in the world
Substantial Mine Life:Minimum 23 year mine life and conversion of additional Mineral Resources to Ore Reserves and Resource potential will likely extend this"
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