CEO and MD Phill Wilding has updated company news on MiningNewsNet
Key takeaways:
Positive Met results foreshadow cost savings, for example, in a smaller Albion circuit.
That will allow Rox to either lower the Capex on the mill or increase the throughput.
Funding the project with its compelling metrics won’t be a problem, so Rox will probably increase the production.
120 koz of gold PA is likely in the DFS.
Step Up campaign
Phill Wilding is very pleased with the consistently high-grade hits. With the structural controls at Youanmi now established, future drilling will be even more productive and could lead to a major discovery.
Phill likes the Prospect zone for its continuous high-grade gold.
He expects to mine high tonnage from Prospect early in the mine life.
Youanmi North is also a high growth area, with some spectacular hits, including one in the Best Weekly Gold Drill Intercepts (see below).
It’s currently within the MRE but not in the mining plan; however, it will be included.
Youanmi North will leverage more gold off existing UG infrastructure, so keep Capex low and have a low AISC.
NEWS FLOW
Mineral Resource update next month.
Extensional drilling at Youanmi and DD to the south at Currans.
MiningNewNet
@ Nietoperz88 in my opinion, VMC is a lifestyle company, but ask long-term holders like Mc Camma on the VMC thread.
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