GIB 0.00% 4.3¢ gibb river diamonds limited

Did you read Hawthorne's 8 Sep AXA Announcement regarding...

  1. 372 Posts.
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    Did you read Hawthorne's 8 Sep AXA Announcement regarding Trousers Leg
    " The AMC report has found that underground mining methods such as longhole stoping or airleg
    mining do not generate a sufficient return on capital based on the current MRE, at the prevailing gold
    price. In addition, long-term toll treatment capacity from nearby mills is currently unavailable.
    Accordingly, the TLMJV has resolved that the Anglo-Saxon underground project will be placed on
    care and maintenance temporarily.
    Hawthorn is pleased to announce the commencement of haulage of the low-grade gold dumps at
    Pinjin. The TLMJV has secured a favourable toll treatment agreement for the remaining low-grade
    dumps from previous open pit operations. It is proposed that the first batch of this low-grade material,
    out of an estimated 50,000t parcel of ore, will be trucked to a Kalgoorlie mill in the coming weeks now
    that all approvals and road clearances have been received "

    Of course the tailings might not be suitable for Carosue Dam's processing.
 
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