DCN 0.00% 28.5¢ dacian gold limited

Ann: Greater Westralia Mining Area - Mineral Resource Update, page-138

  1. 4,343 Posts.
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    Hi gf

    On page 6 of the 11 May update they first talk about Beresford and Allanson and then say this about Craic and Transvaal:

     Craic and Transvaal
    The Company identified the Craic and Transvaal deposits as potential high-grade production sources that could complement Beresford and Allanson in the near-term.


    As I commented previously a lot depends on what Leigh Junk considers "near-term". My definition would be probably within 3 months but certainly within 6 months.

    Also, LJ has buried some interesting stuff about Craic from page 23 on, ending with this on page 26:

    Dewatering of the historic Craic open pit is currently underway to gain access to the existing decline portal. ...

    ... Requisite mining approval applications for Craic have been submitted in anticipation of inclusion in the updated Life-of-Mine and potential commencement of mining.


    The thing about Craic is that 29k oz at 9.4g/t may be the short sharp sugar-hit that Dacian needs while it gets the Westralia and Redcliffe projects sorted.
    Last edited by triage: 16/05/21
 
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