re: Ann: AMPELLA CONFERENCE CALL FOR INSTITUT...
All good from Dr kitto
Great explanation and all parties went away with questions satisfied.
Big thing to remember is that the fine grind is for ~5% of the ore body. only used to process the sulphide float concentrate , not the whole thing.
Minerology simular to Samofo's Mana deposit which is very economical and low cash cost per ounce , and thats without the albion process technology onboard.
Cash costs and cap ex to increase maybe 10%, but certainly no blow outs(this will be confirmed in the PFS) , repayment of capex still expected in first year of operation , given the high tenure from the likely Kooglaga starter pit .
Project is still a big green light for go ahead.
Kitto also mentioned the new discoveries of Foumbiri and Doumbema , likely to add oxide style ounces in due course as they deliniate those discoveries.
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