MDI middle island resources limited

@tomchenaRead the announcement from 26th October titled...

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    @tomchena

    Read the announcement from 26th October titled ‘Sandstone gold project feasibility status’.

    This is a direct extract from page 3:

    ’As a separate exercise, predicated on the likelihood of processing third party and/or underground deposits, Middle Island and GR Engineering Services are investigating the existing plant throughput limitations and what changes are required to increase plant throughput, with a nominal target of 750,000 tpa in mind. It is expected this target will require minimal plant additions at a reasonable cost. This scoping study level work is expected to be completed late in November 2020.’

    And from page 5:

    ’Assuming a positive recommissioning decision during or before January 2021, and that remaining statutory approvals are forthcoming in a timely manner, there is every reason to anticipate that the Sandstone gold operation will be recommissioned in the September quarter of 2021.’

    DYOR and GLTAH

 
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