My understanding from studying the material LNY have provided is that both plants will handle all grades eventually. The first plant is being purchased within the area for our high grade ore. I assume it is either the one on Goldsmith Rd south of Forsyth or the one just south of Georgetown.
Brady can you confirm which of the above is referred to as the Georgetown plant?
The second is the onsite plant. They are preparing the plans and looking at permissions now.
Also in the future, 'stranded assets' on the Etheridge goldfields will be able to partner with LNY for their gold processing requirements.
LNY Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
