A great announcement (perhaps not as exciting as a drilling update, but... in some ways it's more important because.... this is going to be a mine and permitting is sort of important
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btw - for those interested - MoM did a great interview on the different mining studies, which I found very helpful to fully comprehend just how important the work being done is behind the scenes to make Dalgaranga a Tier 1 asset (it's not just the orebody that matter, though... it also sort of is) both geologically and financially. Oh... and in particular, the interview made me think of you
@Undaunted.... there are so many reasons to make sure they get everything right before turning on the plant.
Turning a Deposit into a Mine (Entech Interview)This announcement also gives some clues as to what SPR is looking to do with the plant (as per the recent met announcement) grinding, paste plant etc.
They are going to get every ounce from the ore body (so as others have discussed, very high conversion of the MRE into reserves).
Plus, legacy assets are indeed going to dramatically lower short and long term costs with benefits like use of tailings and an existing TSF.
Now.... just need an update on the drilling and I struggle to think of anything that will hold SPR back.
(20min delay)