I agree @Hoodlum. Looking at the DDD announcement from 07/04/21 it mentions that the selected plant design involves a major upgrade to the plant's capacity & also in the brokers report dated 04/12/20, they seem to have guesstimated around $5m required for the plant refurbishment / upgrade.
My guess is things might progress something like this going forward...
Drilling to expand & upgrade resource definition.
Secure the necessary project funding (e.g. term loan) for the plant upgrade & working capital.
Finalise feasibility studies & secure all regulatory approvals for Open Pit & Underground mining.
EPC contracts for plant equipment upgrade & commissioning.
Start processing Mullock heaps.
Further drilling to expand & upgrade resource definition.
Develop Open Pit.
Develop U/G mines.
Hopefully things go really well this year & we reach point (5) by the end of 2021 / early 2022. It's an ambitious target.
Just a note regarding Open Pit mining: I found some commentary while fossicking though historic reports from IBML (International Base Metals Limited) which is the parent company of the previous mine owner (Macquarie Gold Limited). The below info is from their Dec'18 quarterly report, not long before Macquarie Gold went into receivership.... -----------------------------------------------------------------------------
DDD Price at posting:
0.5¢ Sentiment: None Disclosure: Held
