The director's report in the half yearly issued Friday summarized events to date and included a number of what i'd describe as upbeat comments about current developments.
many will be interested to read the full directors commentary. For others below are key extracts from the report.
KAU Half Yearly, Directors Report
"Level development in the Nova Zone is planned tocommence in earnest on multiple levels, providing anincrease in production volume and the beginning of acapital return from ore development in the third quarterof the financial year ending 30 June 2025.
"Access to previously unmined areasallow the implementation of modern mechanised mining methodsand extraction from ore zones that have not previously beenexploited. This is expected to deliver greater production rates andaccess to high grade lodes that would have been otherwisehistorically mined in the past.
"This development focus hassignificantly reduced short term ore production but has now,recently moved into production over development.
"The Company believes that major milestones were achieved in thelast quarter with robust returns expected on our investment infuture periods."
KAU Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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