GOR gold road resources limited

Ann: AGM 2024 CEO Presentation, page-8

  1. 5,506 Posts.
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    Absolutely it should factor into those calcs.
    But how much of this deposit will make it to reserve status?
    Two thirds of resource still sit in low confidence inferred category.
    Some of current resource (Gilmore UG) will need to be extracted using an underground mining method. The underground resource will not likely be large enough (currently 19k oz) to make this a feasible option.
    https://hotcopper.com.au/data/attachments/6193/6193935-bc398568f24134bde95e199efec99326.jpg

    If Yamarna dirt is processed in early 2026, it will only be displacing their current ore source (it's not adding tonnage to a hungry mill).
    Capex will need to be spent on haul roads, stripping four small pits and other necessary mine camp infrastructure.
    The delay in feasibility studies probably tells us all we need to know. How much will toll treating eat into OPCF?

    https://hotcopper.com.au/data/attachments/6193/6193949-6fa340b65163f9be53ebd6310765dd0c.jpg





    Last edited by Joelstar: 23/05/24
 
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