The maiden Lantern Deposit Mineral Resource was reported during Q1 2017 and work is underway to determine development plans and drilling requirements to develop these mineral resources to mineral reserves for mining in late 2017. Development is also underway to access parts of the Western Lodes which have been defined in recent years with some material expected to be mined from the 500 Lode in Q2 2017. Cosmo will have 3 underground diamond rigs and a surface rig drilling during Q2 2017, with the main focus on upgrading resources to, at least, an indicated category.
My guess is that since they expect to be mining their own material again in late 2017, the union reef mill will remain open for business. I cant see them not granting an extension to AHKs contract...
AHK Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)