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13.0¢ meteoric resources nl

Ann: Exceptional Gold Recoveries Confirmed at Butchers Creek, page-16

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catscatscats

3,126 Posts.

377

10/02/22

20:15

Post #: 59494792
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Originally posted by zog: ↑

The only way Butchers Creek can be viable is to do a deal with Pantoro (PNR) to toll mill (or merge) these resources at their processing plant at their Nicholson mine site. To date the resources are sub-commercial to build a new plant and too far from other processing facilities to cart; we have to do a deal with Pantoro. Really can't see that we have gained to much with the latest metallurgical results (but I guess we had to do them) since the good recoveries were already known from the prior mining operations in 1993/97. Agreed that the next step at Butchers creek is to do a resource/reserve calculation to JORC standards but we already know that it's likely to be sub-commercial right now. The Nicholson plant is small so it may need further investment to process Butchers Creek - the only other alternative is to do more drilling o prove up more resources on our tenements to get a commercial resource/reserve (at least 1Mozs) and then build a plant; that's high risk. IMO the Nicholson (Pantoro) route would be preferred.

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That is what the GA button is for. Smart insights Zog

MEI Price at posting: 1.7¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

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