So above is a Gant chart on planned activities.
Additional colour (which means shades and nuances not promises).
- To meetmines minster requirement that will need to be an indicated component (0.75- 1moz ?) of that 1st resources update.Say late June 2025
- Moremet testwork needed for PFS. All consultants selected including: Mintrex; Maccaand the environmental people. the initial info is coming back as management expect ( not least since they've just built at Abuja).
- Cannacordlikely to come out to site and if satisfied produce a research report guesstimate probably early 2QTR 2025. The vist to CI conujnct with one for TCG.
- Verygood relations with mines dept and minister means if their requirements are metincluding environment studies starting imminent.
- That Q4 Exploitation ( mining) permit is likely to be met. Thatsets them up for 3rd resource update and DFS by end H1 2026.
I have to say the schedule is aggressive but so is the drilling and nature of the gold viz. Surface found by geochem. We actually know the targets. Listed on maps. I think Caigen can do it but form my experience with investing in developing other mines issues arise. It’s the ability to deal with this challenges effectively that count. it’s there whre Cigen’s agile mind and communication come into play. He’s already deftly got some extra muscle on board (pun intended) with Steve Zaninovich.
I cross-checked/ referenced what I could with Justin Tremain of TCG the previous day at the RIU in Fremantle.
e.g. approx. USD$1,100/ oz cost of production is likely.
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So above is a Gant chart on planned activities. Additional...
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