Ann: OZL: West Musgrave Pre-Feasibility Study Progress Update, page-37

If you haven’t watched Bevan’s latest video, these were the key takeaways - on their twitter account

Mount Squires Gold Project (100% CZI) drilling program nearing completion with assay results to be available in the coming weeks.


west musgrave

Pre-feasibility Study extended to early 2020 OZL Board approve additional $10M spend on study costs (total spend by end 2019 ~$50M) highlighting ongoing commitment by JV Partner (ASX:OZL) on this high value Project

Additional time and funds will be used to realise and fully de-risk a number of significant opportunities identified to add further value to the Project including:

Metallurgy – continued improvements in metal recovery and reduction in costs through an alternative flow sheet (Bulk Separation)

Grinding circuit – to complete and fully de-risk a new grinding methodology (Loesche Mill), which potentially reduces grinding power costs by >30%

Completion of the 50,000m resource drill program is expected to deliver a maiden Ore Reserve and a mine life of 20+ years. (Scoping Study 8 years)