After expeditiously addressing a number of unexpected issues raised by DME, including:
fully backfilling the pit;
defending the temporary waste stockpiles from rainwater ingress; and
capping the backfilled pit in clay;
"Due to delays in receiving confirmation that the MMP assessment had been completed, and as a consequence not commencing mining within 12 months after the signing of the processing agreement with NT Mining Operations Pty Ltd (previously known as Crocodile Gold Australia Operations Pty Ltd) (see AHK’s previous announcement dated 18/08/2015), that agreement has now been terminated and a new toll treat agreement is now being negotiated, which the AHK board expects to be finalised very soon".
It will be nice to see a new negotiation and hopefully more in our favour. The above issues need to be included and clarified in the aisc and all will be a little better understood.
W
AHK Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)