STN 0.00% 28.0¢ saturn metals limited

Ann: Apollo Hill Gold Resource Upgraded to 1.84Moz, page-22

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  1. 323 Posts.
    lightbulb Created with Sketch. 88
    .2g/t is the cut off, .54g/t is the overall grade. Ian Bamborough has variously stated a 10,000,000 tonne per annum operation when in full swing. Remember this would be from the single Apollo pit. 10,000,000 x .54grams x .77 (recovery) / 31.1035 (troy ounce) gives you production of around 130,000 ounces per year.

    Have a look at this interview (google "Saturn works dual-focus opportunity" on YouTube) This is only a few months old where Ian talks about de-risking the project with the pilot pit* (hopefully next year) and mentions the 10 mtpa figure (as Norsdemic mentioned above).

    *I think they are aiming at a production of 14,000 ounces from the Pilot Pit.

    PS ... Ian does respond, well he did, to emails and the like. Absolute gentleman.
    Last edited by 4leedy: 04/07/23
 
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