TBA 0.00% 2.6¢ tombola gold ltd

This page has a lot of...

  1. 191 Posts.
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    This page has a lot of details:
    https://www.mining-technology.com/projects/lorena-gold-project-queensland/#:~:text=Mining%20works%20commenced%20in%20October,the%20end%20of%20March%202018.

    The brief history, as I understand it:
    • Plant built in 2017, owned by Volga Elderberry
    • Malachite Resources were in a JV to process ore there
    • Ore processing was successful, but "the head grade, metallurgical recoveries and plant usage all lower than forecast"
    • Malachite entered a dispute with Volga, dispute was settled in 2020
    • Malachite went belly up
    • Laneway Resources commenced processing of Agate Hill ore at Lorena in Q1 2021
    • Crusher at Lorena broke down due to hardness of ore from Laneway, Laneway went elsewhere with 2200t of stockpile still requiring processing
    • Laneway still operating, Lorena plant sitting idle

    That's what I know, I'm certainly not an oracle on this, most of it is from research. As always DYOR and GLTAH
    Last edited by kjartan: 20/06/22
 
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