"Late in the December Quarter, the ball mill gearbox at the Porcupine Flat Processing Plant, near Maldon, was replaced. Following installation of the replacement gearbox and a run-in period the ball mill was sped up to more optimal speeds in late December. In early January a secondary ‘cone’ crusher, grizzly, screen and conveyors were installed and commissioned at Porcupine Flat. After commissioning during the first weeks of Januarymill throughput has been steadily increased to average in excess of 3,300 tonnes per week. This represents an increase in process plant throughput of more than 65% compared to the September Quarter."
Clearly the mill was not operational for some time both in December and in January. Note, it's often the case that post installation, during commissioning of new gear, that sub standard dirt is put through the mill for the sake of it....
But no way has the mill been running at new max. capacity since Jan 1 (your 21kt milled - that's simply a daft assumption.
AND
"Continued improvement in grade is pivotal to the delivery of Targets; where averaging +4.9 g/t Au across the 2H’2018, milling over 80,000 tonnes with 90% recoveries implies the capacity to deliver 11,000 to 12,000 ounces of gold production."
CTL Price at posting:
0.8¢ Sentiment: None Disclosure: Held
