“We are particularly encouraged by the strong growth at our flagship Zoroastrian deposit, which has increased by more than 80koz. Zoroastrian is expected to form the cornerstone of our future underground mining operations, and represents an important source of free-milling ore. The Zoroastrian deposit has not been closed off and remains open at depth. “We now have a Pre-Feasibility Study underway based on the updated Mineral Resource, which is scheduled for delivery in the first quarter of 2020. “In addition, we are also continuing to forge ahead with our drilling programs, with the El Dorado satellite deposit recently emerging as a particularly compelling target. Exploration at El Dorado during the September Quarter returned broad, high-grade intercepts including 28m grading 13.59g/t Au. “We are looking forward to upcoming drilling programs across the newly-acquired North Kanowna Star and Mayday Projects, which also have compelling potential to contribute to our ongoing Resource growth. “In the meantime, diamond drilling is currently underway at Aphrodite, one of our cornerstone deposits, to provide sufficient drill core for detailed metallurgical test-work purposes. “We expect to deliver a further Mineral Resource update next year, which will then form the basis of a planned Definitive Feasibility Study for the Bardoc Gold Project.
The detailed metallurgical test-work is of interest as in previous announcements there was mention of potentially selling concentrate from Aphrodite. I'd assume this will all be spelt out in the PFS which will be released soon enough.
BDC Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held