Ann: Annual Report to shareholders, page-17

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Red Baron

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01/04/21

12:45

Post #: 52203793
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Originally posted by mystikal: ↑

recovery is only roughly 50%, low grade as well (0.5g/t), declining gold price and also non optimised plant.

these will be addressed in May/June as the following is happening as we speak:
- Plant refurbishments
- Readying Ntiola, Viper, Pit 5 and Koting in the short term and their grades are roughly 1-2g/t which is 2-4times larger than the tailings
- Gold prices seems to be recovering now and hopefully continues to go

May/June will be an exciting period and you should see a significant increase in revenue, particularly in the September Quarter.

The Viper/Pit 5 news is probably the ones I had a chuckle about as they are higher grades and unexpected and should be ready to mine soon after and those grades seem to be in 3-4g/t. Pretty much a bonus for near term satellite mining.

Koting, will are still waiting for the estimate, the mining approvals, haul roads, infrastructure, i dont think we will be mining this until maybe... towards end of 2021 or start of 2022. Once the resource is established, you should see us head closer to 3Moz and extend LOM.

Domba, still waiting on this one, this is the one out of the satellites I was hopeful to find more Viper-like extensions, only time will tell, surprised it was left to last.

Once the samples come back, we should see some news in the coming weeks for Koting, Ntola, VIper (resource estimates) unless they lump it all in one announcement by end of April...

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re Domba,
Doc said in the last proactive investors interview, they need to dewater it to get the rigs in.
Probably no hurry to do this as they have the other 3 satellites + pit 5.

FFX Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
22 Upvote

0 Great analysis

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Ann: Annual Report to shareholders, page-17

Top Stories

Nimy to raise $1.21M to explore 'newsy' WA targets

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

Immutep reports strong response rate from immunotherapies treating carcinomas

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

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