MDI 16.7% 1.5¢ middle island resources limited

Besides the delay no issues are mentioned and thankfully they...

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    Besides the delay no issues are mentioned and thankfully they have realized they have overused the term imminent and was not mentioned .

    ASX Release – 5 March 2021
    Feasibility Study and Scoping Study Updates
    Sandstone gold project (WA)
    • Final contract mining costs, received last week, are to be reviewed and
    incorporated into the Feasibility Study (FS) to re-commission, and the
    Scoping Study (SS) to expand, the Company’s wholly-owned Sandstone
    gold processing plant in central WA.
    • FS technical work, including pit geotechnics, water supply, tailings
    storage, metallurgy and environmental aspects, is complete, with no
    material issues identified.
    • The SS, which evaluated Sandstone’s existing gold plant being expanded
    to 750ktpa, indicates a particularly attractive outcome, once additional
    mill feed can be identified, including from third parties.
    • Accessing proximal third party deposits and broader consolidation of the
    Sandstone district remains a priority for Middle Island, and discussions
    to that effect are continuing.
    • Both FS and SS reports will be finalised in the next few weeks.
    Last edited by MajorJohnny: 05/03/21
 
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