AUL (ASX) Ann: AuStar Gold acquires full control of Rose of Denmark mine

Originally posted by vertigo ↑

"where the number of processing days can be increased depending upon supply of the development rock from the Stacpoole zone."

From ann 13th March

"Geologists have been rostered on a continuous basis and are mapping and sampling every new face as the mining progresses. The geologists will also assess the likely grade of any promising structures via traditional means for immediate assessment by finely crushing and panning screened samples to aid daily mine planning. This immediate assessment is to be checked by duplicated laboratory assays for accuracy. Recommissioning of the plant has continued on a 7 day on 7 day off roster, with one roster swing only. No major issues have been identified that should prevent processing the mined material from the Stacpoole zone. Activity is progressing in testing each individual processing component. Once completed, the plant as a whole will be tested with low grade material, already stockpiled on surface."

"In the quarterly report drafted on 30th April it states that the development of the Stacpoole zone is being done on a 7 day a week roster (day shift only)."

From ann 30th April

"The work on following and extracting the Stacpoole zone is under geological control with detailed mapping, sampling and assaying being progressively undertaken. The intent is to batch treat the Stacpoole material through the recommissioned gravity gold processing plant toward the end of the development program but prior to any bulk extraction of the zone."

This takes time...

"Then way down the track on 31st May we see the maiden gold pour that is not quite was I was expecting to see."

"the Company utilised low grade stockpiles from the previous mining operators to pour its first gold ingot from the Morning Star gold mine. "

This Maiden pour was not from New Stacpoole Reef.

"it seems to me (IMO) that the 100% acquisition of RoD was done because Stacpoole has not proven to be financially viable as indicated by Aurifice."

The discussions with Shandong have been on-going for over a year, long before geological mapping and drilling showed New Stacpoole Reef as a ST target. So your suggestion can not be correct. No body knows whether New Stacpoole is financially viable until it is tested, anybody who claims to know is misleading the forum.

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Keep it up Vert, I for one enjoy your posts. Much appreciated.

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Keep it up Vert, I for one enjoy your posts. Much appreciated.

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Keep it up Vert, I for one enjoy your posts. Much appreciated.

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