Just when you think we have something great we get more results...

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yatchy

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21/12/23

11:29

Post #: 71566326
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Originally posted by anthony cox: ↑

From this excellent update:

In July 2023, Astral announced an updated Mineral Resource Estimate (MRE) of 37Mt at 1.1 g/t Au
for 1.27Moz of contained gold1 for the Mandilla Gold Project.
Metallurgical testing undertaken on the Theia Deposit has demonstrated high gravity recoverable
gold, fast leach kinetics and exceptional overall gold recoveries with low reagent consumptions and
coarse grinding2
.
In September 2023, Astral announced the results of a Scoping Study for Mandilla (Scoping Study)
which – based on a standalone project comprising three open pit mines feeding a 2.5Mtpa processing
facility, producing 80 to 100koz per year, and incorporating a gold price of A$2,750 – had a Net Present
Value (8% discount rate) of $442 million3The scoping study will definitely be improved. As will be the MRE. The report goes onto to refer to Feysville as not being included in the scoping study. Neither are the other deposits. Only Theia is included as the basis of the scoping study. Great news.

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Just when you think we have something great we get more results and things are looking better then great but when you have something valuable you will also attract the thieves and vultures trying to steal it for a pittance but they will not succeed this time round!!!!!!

AAR Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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