Ann: Adelong Plant Upgrade Underway, page-183

Just to give everyone a reminder why the last company failed and what 3D picked up. this was released 31/01/2020.
Compare what they said 9 months ago til now. there is more to the story then what meets the eye, which is what everyone is alluding to.

https://unauthorised investment advice/resources/gold-3d-believes-it-will-succeed-at-the-historic-adelong-goldfield-where-others-have-failed/

3D managing director Peter Mitchell believes they know where the most recent owners, which went into administration around 2016, went wrong.
“One of the problems they had was a low gold recovery [through the plant],” he told *.

“The ore is amendable to high gold recovery, but the way they had configured the plant — they used equipment that was oversized. Before the company went into receivership it employed about three major consultant groups to assess what was going wrong, Mitchell says.
“They did a fairly good assessment of the mill and the mining activity, which means we actually have a pretty good idea of what went wrong, and what needs to happen before we start mining,” he says.
“We aren’t going in blind. Bottom line — it is not a problem with the resource.”If the deal goes through, 3D will spend the first year at Adelong on resource development and planning.
There’s an enormous database from 30 years of exploration in this area.Many of the deposits have “sort-of” resources but haven’t been brought up to JORC standard,

Mitchell says.“What we are trying to do in the initial 12 months is to bring the resource up and get the development consents right for the project – right now, they only have development consent to mine Challenger,” he says.