Environmental permit was the last piece of the puzzle.
Announcement confirmed - Capex same, Payback period expected to be same. - Lots of work involved with the environmental permit and confirms why they won the Australian Mining environment awards (AMEC). - Additional gear has been added (extra jig and 8 shaker tables), new electricals around the whole site (increased power usage) and new Sandvik crushing plant will be coming towards end of year. - Ramp up starting from June, suggests they are taking a measured approach, which is sensible. - With increasing interest in critical metals and delays in other producers. we could be looking at a very nice entry point into the hard rock mining. AND the hard rock is 100% ours. - all of this, plus increased resource coming and further drilling will only extend the life and value of the project.
EQR Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
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