"Mt Morgan copper gold – developing funding plans with new partners"
Suggests they are moving along quite nicely with a JV partner for Mt Morgan, should be good to advance that asset while keeping Mt Coolon on the boiler.
Also of interest: "Yandan is a key resource in the Drummond Basin with large mining leases, which provides the platform for transitioning to production once GBM’s resource base target is achieved. Higher grade resources from GBM’s other project areas in the Drummond Basin can be trucked to Yandan for treatment (similar to Ross Mining in the 1990’s)"
Their resource base target is clearly 1 Moz, as highlighted often in their communications. With Mt Coolon currently at 330 koz, plus Yandan in the 300's (prior to upcoming JORC 2012 update and now with higher prevailing gold prices), they should already be close to the target. Some successful drill results and reevaluating the Mt Coolon resource (or another Drummond acquisition..) may see 1 Moz in the near future . That would then trigger the transition to production, leveraging the existing facilities at the Yandan site. Lots to look forward to in 2021!
All IMO.
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