Extracts from MIN's quarterly report yesterday re IV.....
All pointers are this current quarter will be a good earning one for BCI as well!!!
IRON VALLEY
‘000 wet metric tonnes
Q2 FY21
Q1 FY21
Q2 FY20
1
Mined
2,166
1,601
1,275
2
Produced
2,144
1,543
1,391
3
Shipped
1,622
1,313
1,535
An improvement in overall production was facilitated by additional mining fleet and manning throughout the quarter.Hydrogeological issues were minimal, allowing for a more consistent, higher throughput rate for the fixed plant and mobilecrusher.
Hauled and shipped tonnes increased 24% on the prior quarter, although COVID-19 restrictions led to a reduction inavailability of our haulage contractors. This resulted in additional inventory at site, which will be utilised in the planned Q3FY21 ramp up of haulage and shipping
Of somewhat less interest - MRL continues to progress exploration and project development activities at Kumina and Bungaroo South. A total of 2,930metres of RC was drilled at Kumina during the quarter. Drilling will continue into Q3 FY21.
(20min delay)