FFX 0.00% 20.0¢ firefinch limited

Morila isn't being rehabilitated yet, or even this year. The JV...

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    Morila isn't being rehabilitated yet, or even this year. The JV group are preparing a business and feasibility plan for the eventual closure, fairly common practise when a mine closure of this size is on the horizon.

    We have seen Randgold, on behalf of the JV group, decide to take up the option on Viper and Ntiola so that will add some more life to Morila, although we have no idea yet how long that will be.

    If there is anything of interest at Koting, then that might have a similar outcome and depending on ounces in the ground, will determine if Morila closes in 2019 or beyond.

    The rehab plan will still remain in place as the mine will eventually close, however that could change the planned 2019 timeline if something decent is found.

    This is my understanding from what I've read from Randgold about the closure.
 
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