KJ you mentioned Lorena processing plant. Mate that’s long gone mate. I was a shareholder in Malachite Resources who built Lorena.they went belly up about 4-5 years ago and I was told that the plant had been moved to Selwyn which is south of Cloncurry owned by a Chinese mob. As I recall the plant was 300k tpa a year and a good little plant. I think started life as a floatation plant because of the sulphide problems at Lorena. Then they added a CIP but still had problems with the ore. It was the management who didn’t know their business at understand metallurgy. From what the directors of Malachite said was, the problem was the ore not the plant. As a small investor in Malachite Resources the company told us shareholders, the Chinese that owned the plant in JV with them was moving the plant to their project at Selwyn. So it has to be Round Oak or maybe they are not even buying a process plant and relying on the heap leach to get commissioned at Mt Freda.
TBA Price at posting:
5.1¢ Sentiment: Buy Disclosure: Not Held
