NMR native mineral resources holdings limited

Ann: NMR to begin exploration at Granite Castle Gold Project, page-6

  1. 23 Posts.
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    GKeden, you need to read the NMR announcement of Granite Castle carefully. NMR do not say this is an immediate mining target. Granite Castle is not on a mining lease but on exploration tenure. Even if NMR applied for a mining lease now, it will take at least a year, and likely longer for mining lease to be granted. Other prospects will need to supply ore to the Blackjack mill long before any Granite Castle ore comes in.
    Also note, NMR does highlight that the historic metallurgy testwork has the gold ore as refractory which means it does not easily recover in a cyanide mill which is the current Blackjack mill.
 
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