Ann: Activity Report Quarter Ended Dec 18 & Guidance Update, page-10

I guess it doesn't matter who owns the freehold provided the other party has easement or other secure rights to the bits that are shared,

Great to hear that Nugent is not sterilised. I think there has been enough involvement there to be pretty sure there is a respectable amount of copper to be mined to keep the plant actively employed for the foreseeable future

KEY TAKEAWAYS
Most consistent grade at Nugent
 (12m @ 7.9g/t Au, 2.2% Cu)

In our bonanza year 2018 the milled grades were 0.1 g/t of au and 0.74%  CU

There might be a decent residual share price after the Giant Pit cash flow, the PHES upfront payment and the franking credits are stripped out.

Nugent looks like an uncomplicated initial project to gain experience in the vagaries of UG mining.






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