C7A 0.00% 1.2¢ clara resources australia ltd

Ann: Production Improvements at Granville, page-39

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    Also we can't even start to gauge production costs as any previous costing was based on contractors supplying and operating all of the equipment. Since moving to owner operator and having our own crusher / excavator and blast drill rig the previously quoted cost of operating "should" reduced by ( i would hope ) a significant amount . The only concern at the moment will be the grade which is currently low but as the process is refined and learnt from i can only see those grades improving to meet or even exceed our original required concentrate levels. To my mind this ANN, while not earth shattering, is very much a step in the right direction and gives us some real positives to focus on. What would be nice now is for communication from the company to become a little more regular until such time as things are ironed out and running at a more regular pace at which point we won't feel the need to be informed as much as it will just become "a normal working day at the mine" scenario. Good luck to us all and hopefully its onward and upward from here.
 
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