@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
MDI Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
