Hi Seafood you must have read a different ASX announcement, It...

Hi Seafood you must have read a different ASX announcement,

It will break the announcement down into a simple version for you to understand.



Green shows the Inland strands have been processing for the whole period of the March QTR, (6 weeks) with the only mining issues being located at processing the beach mineralisations due to lack of mining equipment (excavator breakdown), the company stated this will return to operation at the beginning of the March which is only 10 days away.

The inland strands mineralisation has also ceased operations due to a breakage of the drive shaft of the de-agglomeration (Scrubber) on the 17th (2 days ago) with this breakdown occurring MRC total mining operation had ceased which is why we would have been notified of the issues at Tormin. MRC has advised that the replacement shaft has been secured.



I don't know how you concluded "this is not a brief shutdown of operations" when they only need to replace the shaft and wait for the new excavator which is expected to arrive in Feb. We have around 10 days to wait for 50% of the mine's capacity to recommence and if the replacement shaft is in country, it will only be a few days to get the inland strands scrubber back in operation.

The blue section above conflicts with the QTR update, which advised we had plenty of available capacity for the tailings. the water issues and the new cyclones are also well-known and have been detailed for around 12 months.

@nevilleb if funds are required, MVC and the majority of the retail shareholders won't take part like the previous CR's. It will only benefit Au Mining where they secure more control of the company