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Ann: Expert Engaged to Advise on Gold Processing in Cloncurry, page-18

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mt88

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08/05/20

12:13

Post #: 44510375
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Originally posted by waynesworld: ↑

It would appear from the information on the Round Oak Minerals website that the Great Australia Mine may need an additional source of ore for processing. According to the project tab, the mine life of the Wallace South Mine had been extended to late 2019 with future ore to be sourced from the Wynberg mine. However, the LOM for Wynberg was expected to be less than 1 year. If nothing else has changed, would GAM run out of ore by late 2020?

Under the above scenario, the ore from the Golden Mile and potentially Mt Freda Complex could be crucial for future processing. It may all help to explain current developments. Ausmex could release a series of announcements - resource and scoping study based upon processing plant with capacity up to 1 Mtpa. The transition to gold production could take an interesting turn. The size of the processing plant may also highlight the size of the resource.

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Reading between the lines between the 2 recent announcements, is GAM plant up for sale?

AMG Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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