G'day all, Some extracts taken from NST's Denver presentation,...

G'day all, Some extracts taken from NST's Denver presentation, its informative as it gives clear
indication as to the $$$$$ being committed to the Tanami .

Central Tanami Project; Next Tier Of Growth
Previously a Newmont asset which produced 2.1 Mil Oz over 18 years
averaged 120,000 Oz p/a-peak year production 170,000 Oz-only mined
pit to a depth of 125mts.
In the last 5 years has seen $40,000,000au invested at groundrush
in exploration, drilling & feasibility studies.
Groundrush current Resource is 1,100,000 Oz.
Plan to- this year to refurbish the plant (CTP) to obtain 60% J.V. interest in TAM.
Has the potential to be 120-150,000 -p/a producing asset as of 2018 onwards.
( I was out a bit when I previously quoted 180,000 Oz-apologies )

Consider 40-million au has been spent in the last 5 years & the groundrush deposits
position relative to Hyperion, Hyperion South &  Tethys's 1.3km's of mineralisation .

With current diamond drilling results due & with a resource update pending
we can assume reasonably with this resource increasing in volume & size
& as it appears to be still open in many directions, it almost undoubtedly is rapidly
becoming another tempting asset ABU holds- indicating future J.V.-considerations
with this resource given its position are likely, especially when you consider the -
40 million au having already been spent in 5 years developing a resource in close proximity.
imo-dsoyor
gltah-salt