TCMG plans to complete construction and commissioning of its facility by June 2025, with commercial production scheduled to occur in the September Quarter of 2025. The initial focus after completion of construction is processing existing stockpiles and tailings at TCMG’s Nobles open pit mining complex, then development of other open cut and underground mines in the TCMF including: o TCMG’s Juno, Rising Sun, Weabers Find and Warrego project areas; and o Emmerson-TCMG JV areas including the Black Snake, Chariot, Golden Forty, Mauretania, Eldorado, Marathon-Troy and White Devil deposits as well as any additional discoveries from ongoing exploration efforts in the Joint Venture tenements.
So by the time we factor n the usual delays, then TCMG processing their 100% owned ore as a priority can we expect any royalties before 2030?
ERM Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
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