The next few months is going to be very good, plenty of news flow on resource side let alone Chinese cost review, potential offtake / corporate action
Complete drilling – mid-February 2020
Final assays received – mid-March 2020
Resource updated – end of March 2020
Reserve updated – end of April 2020
DFS - mid May 2020
like the below Material impact on NPV statement - let’s go!
A revision of the Goulamina Ore Reserve resulting from this drilling program may have a material impact on the Net Present Value (NPV) of the Project. Given that the NPV will be one of the key outputs of the DFS, the Company believes it makes sense to include these results and re-estimate the Ore Reserve prior to completion of the study. This will mean a slight delay of around six weeks in the release of the DFS, with a mid-May date now likely.
Ann: Additional High Grade Mineralisation Discovered at Goulamina, page-5
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