AUC 1.54% 33.0¢ ausgold limited

It is already viable. Already a winner. Following the scoping...

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    It is already viable. Already a winner.

    Following the scoping study, they identified a few areas which they could significantly improve, such has, extending the high grade zones within the Central Zone at Jinkas to increase the head grades, increase proven and probable reserves, revisit the optimized pits, increase the production targets in the first 5 years, further met testing, rationalize the plant design and make updates to pricing of various components, for example, fuel has come down, should lower short term AISC, labour cost might also drop with rising unemployment, there should more resources available as compared for 2011-2019.

    They needed to address all the above to improve the PFS before one final Revision to a BFS.

    All part of the process.

    Whilst at it, they are drilling and testing a few of the other zones and regional targets.


 
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