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Ann: Drilling extends Earl Grey pegmatite another 500m, page-49

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Haplo

17,075 Posts.

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08/11/16

19:36

Post #: 20461583
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Originally posted by Freehold ↑

Well here is the existing mill/plant onsite about 2km from Earl Grey on KDR ground ... needed $23m revamp to process gold.. not sure for when adding Lithium

View attachment 327329

Here is the layout of the surrounding infrastructure in place including the workers accommodation which is still usable I believe

View attachment 327332

The following is already in place ...some need tweaking for Lithium

Mining Leases – GRANTED
• Land Clearing Permit - GRANTED
• Water Abstraction License - GRANTED
• Mine Management Plan - GRANTED
• Mining Proposal – GRANTED

• Power allocation – submitted and being assessed
• Works Approval – submitted and being assessed

In addition to all this KDR have signed a MOU to investigate Toll processing and offtake with the currently idle POS:ASX Mill/plant which can process 1.5mt / annum.

Looking to have 1st production by mid 2017 via POS plant ...I expect the company is prob working on a "At scale" 2nd option that would be to revamp the mill pictured above to handle ...2-4 mt per annum similar to PLS capacity. Gold and Lithium ... here is the POS plant pictured below

View attachment 327344

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You would think that after today announcement at AJM that securing funding for the plant refurbishment would not be a large leap. If anything, AJM's announcement has derisked KDR's development to become a producer.

Haplo

KDR Price at posting: 54.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Ann: Drilling extends Earl Grey pegmatite another 500m, page-49

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