EMR 1.98% $3.96 emerald resources nl

bob -You are probably right in what you say, but here is what...

  1. 2,641 Posts.
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    bob -You are probably right in what you say, but here is what Morgan said:

    "Emerald Resources NL (ASX: EMR) (“Emerald”) is pleased to advise that its 100% owned1.14Moz Okvau Gold Project is tracking on-time and on-budget for commissioning andfirst gold pour in 2Q21".

    I can only rely on what he says as being true. I based my post on that statement.

    Regards to using low grade ore., I remember when they said that it was planned to start mining and establish a stock pile prior to plant start up. This ore was decent grade stuff, as shown below.

    ASX Announcement 16 January 2020.
    High Grade Gold Mineralisation Continues at Okvau Gold Project
    Emerald ResourcesNL is pleased to provide results from the most recent drill programme to delineate the oxide mineralised domain at the Okvau Gold Deposit.

    Results received to date from the drill programme include:
    5m @ 9.26g/t gold from 5m
    9m @ 4.82g/t gold from 0m
    9m @ 4.06g/t gold from 0m
    7m @ 4.96g/t gold from 3m
    9m @ 3.70g/t gold from 0m
    9m @ 3.53g/t gold from 0m
    7m @ 4.40g/t gold from 0m

    High grades on surface. Won't wear out the mill by using low grade stuff







 
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