Austral was toll treating that ore at the Hugginsville 1.4mtpa plant owned by westgold.
Karora, a Canadian mining company not listed on the ASX, who now owns this mill and is running it at full capacity. So you may think this isn't an option.
However, Karora has now acquired the Lakewood mill which was already toll treating 60,000t of their material at 94% recovery. This brings their capacity to 2.6mtpa. 1.4 plus the 1mtpa laverton mill that will be expanded to 1.2mtpa.
The addition of a second operating mill brings with it significant potential toll milling capacity - we intend to fill short-term spare capacity through toll milling arrangements at one or both of the Higginsville Mill and Lakewood Mill until the Beta Hunt expansion is completed.
the new decline to increase capacuty is due to be completed first quarter of 2023. Now would be the perfect time for Torque to execute something in this regard.
https://www.newswire.ca/news-releases/karora-resources-announces-agreement-to-acquire-the-lakewood-gold-mill-and-significantly-de-risk-growth-plan-841034400.htmlOn the map you can see the Beta Hunt Mine owned by Karora (KRR)
the Higginsville plant is situated 80km south of the deposit. Towards Torques tenements.
The Lakewood mill is just north of Beta so Higginsville may be a better option but could be the same distance away.
I follow several junior gold explorers that have substantial resources but a low market cap. I reason that they are stuck between a rock and a hard place in that they represent that they want to develop mining operations but the current market is spooked at the thought of a couple of hundred million in capital costs and no revenue flow for a couple of years. I remember over a decade ago a very young Ramelius got a start by kicking off with a very small production (from memory in this part of WA) and then when they hit a bonanza lode away they went. I think that Torque need to be similarly nimble and adaptable if they are to maximise the benefits of what they have at Paris.
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