Time warp back to Qtrly Activities 30.6.16 Niuminco Group...

Time warp back to Qtrly Activities 30.6.16


Niuminco Group Limited
QUARTERLY ACTIVITIES REPORT
JUNE QUARTER 2016

HIGHLIGHTS AND SIGNIFICANT EVENTS
-Edie Creek production for the Quarter was 9,862.5grams(317ounces) of gold
and 8729.1grams (287 ounces)of silver for sales of AUD$526,000 (PGK1,233,045).
Back to the new Qtrly  Activities 31-7-17
-Production for the period 1 April to 30 June, 2017 was 3853g (123.9 ounces) of gold and 4047g (130.1 ounces) of silver for total sales of AUD$201,930 (PGK499,747)

-Record monthly sales and production in June since recommencement of processing in February 2014.
392 tonnes of ore was processed, producing 8763.2g (282 ounces) of gold at a grade of 22.3grams per processed tonne of ore for sales of AUD469,190 (PGK1,099,871).
Now Back to the new  Qtrly  Activities 31-7-17
-Limited Edie Creek production during new plant installation works -125 wet tonnes
of ore processed at an average grade of 30.9 g/t for sales of AUD$201,930 (PGK499,747).

"And it only potential took 2 to 3 days - not 1 record month!"
"And also moving to potentially 1800 tonnes a month!"


-The average gold grade for the Quarter was 12.9 grams per processed tonne of ore.
Back the new Qtrly  Activities 31-7-17
average grade of 30.9 grams per processed tonne of ore.

-The jaw crusher and vibrating screen were installed, tested and
commissioned with ore processing throughput rising over the
Quarter from 5.9 tonnes per day in May to 13 tonnes per day in June.
**And Now we are moving to 40 to 60 tonnes

-Further development of open pits over the Mounts, Alpha West ,
Karuka and Surmans vein systems ,with ore being sourced from all
systems, including high grade ore from the Surmans veins.
**Waiting for complete drill results on enterprise to back up
Wayburn's PNG Drill Results Indicate Large Potential Open-pit Gold/Silver Deposit from the company's Edie Creek.
See old posting -click on link below:
https://hotcopper.com.au/threads/wh...3246524/page-63?post_id=23382996#.WYMNjelLeM8

-Detailed shallow drilling program/plan
finalized for the Enterprise and Karuka vein systems
with a view to establishing a JORC Resource.
**THIS FAILED JORC PRODUCE 10 Grams per tonne from half of the results they where able to collect and send for asay's


FID
Riding the starship > "ENTERPRISE"