Negotiations have advanced to a stage where the Company...

Negotiations have advanced to a stage where the Company anticipates awarding offtake in the coming quarter.
Certainly sounds good to me, I wonder what the institutions will think of that ?

Table 1: DFS metal recoveries – Norton deposit versus Sorby Hills average (inclusive of Norton).
Ore Type Avg. Pb Recovery Avg. Ag Recovery
Norton DFS Recovery 78% 78%
Average DFS Recovery 91% 82%

Anyone wondering why the metallurgical work takes so long ?
essentially the boffins have been conducting lots of tests on each sample with different compounds to get the highest possible recovery rate they can and it appears they have had success and continue testing to get the recovery % as high as they can and we should have these results this quarter.

As such, the Company adopted conservative metal recoveries for the DFS (Table 1). Theconservatism resulted in approximately 500kt of ore (17.7kt Lead and 1.3Moz Silver) dropping outof the Norton mining inventory compared with the Sorby Hills Pre-Feasibility Study. If they can get the recoveries up to the average DFS recovery of the other deposits then we could have a nice addition to mine life.