Ann: Preliminary September Quarter Update, page-21

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timbin4

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06/10/20

11:19

Post #: 47877456
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Originally posted by timbin4: ↑

Potential further production upside around Mt Marven for FY22.

As per today's announcement DCN has begun to source some ore from Mt Marven open pit. In the presentation on August (below) you'll note their plan is to get only around 16-18% of this years total feed (the orange part of the FY21 bar chart) from Mt Marven, but they haven't got anything planned from Mt Marven for FY22.

As per their exploration update (below) in July they are currently drilling out another 5000mtr (RC drilling) to see if they can extend that pit further. You'll note all the black dots on the image showing where they are drilling at the moment. That is quite a wide range they are using there. If they can get some decent hits (especially around that recent good hole @ 20MVDD0006) then that opens up the option (on the back of follow up drilling) to keep that pit going into FY22 and extend it further to the south beyond it's current boundary. This would add for ore to the existing production profile for FY22.

Screenshot taken from (24/7 - Exploration update)

Screenshot taken from (10/8 - Presentation)

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I got my numbers mixed up there, I confused 20MVDD0006 with 20MVDD0008..... my bad... needless to say if they get some shallow hits in this drill campaign they could improve their Mt Marven production profile for FY22 by extending the pit (or opening a new one) to the south.

DCN Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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