Share
1,641 Posts.
lightbulb Created with Sketch. 254
clock Created with Sketch. 07/02/21
15:46
Share
Originally posted by manny100:
↑
Morila with exploration upside is set to make holders a lot of money. Simple, robust Goulamina will do the same.Extract from the GOLD project description on the Website: KEY ADVANTAGES World Class : Cash generating asset that has produced over 7.4 million ounces of goldProducing Gold Now : Processing tailings to mid 2021Leverage Sunk Capital : US$300 million plus to replicate infrastructure and drilling Near Term Production Growth : Mining of satellite pits in 2021Long Mine Life Possible : 1.3 million ounces at Morila main pit, upgrade imminent Excellent Exploration Upside : A decade since last
major drilling effort at Morila and adjacent targetsFunded: Cashflow from operations and $29 millioncash on handExperienced Team : Full operating team in place who have remained with the mine."Extract from the Lithium project description on the Website KEY ADVANTAGES High Grade :Ore grade averages 1.6% Li2O in the first 5 years and 1.51% for the Life of Mine (LoM), one of the highest-grade deposits globally Recovery of Li2O is 77%, again one of the best among peersIron and mica impurities are low, lower than peers which results in a preferred product for customersLow Cost :At an average LoM All in Sustaining Cost (AISC) of US$306 per tonne of 6% spodumene concentrate produced, one of the lowest costs globallyCapital costs are low with capital intensity being among the lowest globallyLow Risk :The Ore Reserve is entirely open pit making for straightforward and low risk miningProcessing is simple and low cost given a flotation only approachSimple, robust and high grades and low strip ratios enhances profitabilityWorld Class :Average Spodumene concentrate production of over 436,000 tonnes per annum of concentrate places Goulamina as one of the largest lithium developments in the worldSubstantial Mine Life :Minimum 23 year mine life and conversion of additional Mineral Resources to Ore Reserves and Resource potential will likely extend this"
Expand
”simple and robust” but no proof of concept via test work to convert specialised SC6 to lithia derivatives.
