AUC 0.00% 50.5¢ ausgold limited

Ann: June 2024 Quarterly Report and Appendix 5B, page-30

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 9,064 Posts.
    lightbulb Created with Sketch. 3960

    They said the revised DFS was to go a smaller front end and then expand it later for the lower grade feed at the back end of the mine plan. Higher grade feed is expected to span the first 6 years.

    From the expanded SS this was going to average ~150koz. Therefore we can conclude if you build a front end at 72% of that capacity we will average ~110koz (noting that they have also commented infill has increased grade in the high grade zones so we might get a bump above this with new reserve).

    This circles around to the point. It probably takes 12 months (max) to expand the plant and tails etc. So we have a lot of production years to expand high grade resources which pushes out the need to expand the plant.
 
watchlist Created with Sketch. Add AUC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.