MDI 0.00% 1.6¢ middle island resources limited

@Joannie - IMO, MDI will be in production in Q3 of 2021, based...

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    @Joannie - IMO, MDI will be in production in Q3 of 2021, based on the Feasibility Study being released in January 2021, and a five-six month timeframe for plant refurbishment.

    This timeframe estimate, and all of the below info is based on the announcement released on 26th October, which gives a good overview of everything:

    • The majority of assay data relevant to the Feasibility Study (FS) for Middle Island’s advanced Sandstone gold project in central WA, has been received.
    • Mineral Resource estimates have been completed for eight of Sandstone’s 10 gold deposits; the remaining two are in progress.
    • Pit optimisations and pit designs have been completed for the first five quantified deposits; work on haul road and waste dump designs has also commenced.
    • Work streams on pit geotechnics, groundwater, surface water management and water supply continues.
    • Metallurgical testwork has commenced, supplementing previous testwork and operational performance.
    • A concurrent scoping study into a modest upgrade to the capacity of the on-site mill has commenced with GR Engineering Services.
    • Design work on additional tailings storage capacity is well advanced.
    • Sterilisation drilling for new and expanded waste dumps, and a tailingsfacility expansion, will commence within days.
    • Evaluation continues into the refurbishment and upgrade of the substantial existing supporting infrastructure at Sandstone.
    • Environmental surveys and assessments are being completed prior to approvals submissions.
    • Detailed cost estimates and FS reporting is expected to be completed in January 2021.

    GLTAH

 
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