PS This could result in production in 2015- DYL could beat a...

PS This could result in production in 2015- DYL could beat a number of companies to production I.E USA/PEN/ACB etc....


An approved scoping Environmental Impact Assessment (EIA) is already in place for the INCA deposit and the final EIA report and draft Environmental Management Plan was submitted to the relevant Namibian government departments in November 2011. A Mining Licence application has also been submitted to the Namibian Ministry of Mines and Energy which, if awarded, may enable earlier development work on the project.
Although limited sterilisation drilling for a potential plant site has already been conducted, further drilling will be undertaken in tandem with the EIA programme which will also look at potential tailings pond sites.
It is envisaged that the pit optimisation exercises on Ongolo and MS7 will enable the company to accelerate the growth of the project resource base. The objective is to achieve a minimum of 40~50 Mlbs from primary, open pit Alaskite mineralisation.

At that point, the project should have sufficient critical mass to enable a value engineering review before finalisation of the prefeasibility study, focussing on the Alaskites. An aggressive feasibility study and development schedule, assuming project viability in the context of improving market conditions, could result in production in 2015.