Ann: Indaba 2017 Presentation, page-11

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leec

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07/02/17

15:32

Post #: 22431146
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Originally posted by leec ↑

Yeatesy,

I sort of agree with you given that the wet season always leads to 1st qtr being at the lower end of production levels.

See exert from announcement dated 10.01.17:
ILS Pond Reinforcement of the Intermediate leach Solution (ILS) pond has been completed (refer ASX announcement 25 October 2016) allowing production to be resumed at nameplate operating levels. As previously reported, the Company plans to construct a new ILS pond after the end of the wet season.
EW Expansion–Debottlenecking Update
The debottlenecking capital works program to expand the Kipoi plant’s nameplate production capacity to 32,500tpa has now been completed. The coffer dam, a smaller dam contained within the larger dam which comprises the new Tailings Storage Facility (TSF-3), has been commissioned. This provides sufficient capacity to allow full production through the new tank leach (TL) facility for the duration of the wet season. Laying of the HDPE liner to the larger TSF-3 dam surface has been deferred until the dry season. Commissioning of the TL facility is underway. Sufficient slimes material, being the copper bearing residues contained in the existing TSF-1, have been recovered to support tank leach production through the remainder of the wet season.

Gltah

Expand

Meanwhile cobalt price is soaring now at $17.12/lb.

Assuming a 1,000t/pa circuit at forecast cost of $22mio USD and a $6-$7 AISC per/lb, then this could pay itself off in less than a year.

VAT payback and 3 qtrs of positive cashflow could see a decision to build this by this time next year.

fingers crossed.

TGS Price at posting: 4.1¢ Sentiment: None Disclosure: Held
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Ann: Indaba 2017 Presentation, page-11

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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