Ann: Great Fingall Commences, page-3

Good to get official confirmation.
A bit more detail about their plans, expectations and timelines.

They have been quite shy regarding what else they might be able to glean from the deposit/s whilst the main focus is developing the decline to the virgin extensions, yet.... it's clear as day that they are going to have access to either remnant ore (higher up and... from what I can tell, could be accessed very early on and continue for... 18+ months), high grade and flat linking structures which has basically not been drilled for except for a few holes last year. The potential for other footwall lodes is clearly high, but of course, still largely unknown yet.

As far as I can tell, they did not undertake further drilling, mainly because the focus was on the deep drilling. So interesting to read that it might not have been developed because of 'tenure' issues. Look at all the sunken development, albeit.... not mined in 100 years!





There could be serious upside to what is already in the mine plan, and will be accessible and drilled in the near term, all the while the delve deeper and hopefully mine what was left by the old timers.



This is all separate to the entire trend, which WGX shows, and will hopefully get a chance to be drilled in the years ahead.

Interesting choice of words at the end of this section in todays announcement. Again, they are making it very clear, this development is very conservative.... not a single ounce of gold has been budgeted for outside of the current mine plan. 'Through' 300k p.a is interesting... the base case for 300k p.a is becoming more confidently stated.


Yet they also make it clear... that more ounces are going to be added... how many is the big question. @plough any thoughts on their conservative 220m/month development rate? Seems to be quite clear again... these are very conservative assumptions meaning access to the ore reserves will occur more quickly. Great use of the old shaft it would seem.


This is a great example of a clear mine plan.



Well done to the whole WGX team.
I am hopeful we will get more clarity about 'bonus' ore, remnant ore, the potential linking structures etc, exploration too in the coming company announcements, as this is going to be a clear core project for the company going forward.