The construction of the Kimberlite Bulk Sampling Plant (“KBSP”) has progressed well during the Quarter, despite logistical and customs clearance challenges, and is moving towards being commissioned shortly. Kimberlite samples continue to be accumulated at the KBSP stockpile for processing. On average, the KBSP will process approximately two bulk samples every six weeks once fully operational.
Compare to the Q1 report:
The balance of the KBSP equipment has been trial erected at the manufacturers in Johannesburg, South Africa and major components already en-route. Due to global logistics challenges, the plant is expected to be commissioned towards the end of the second quarter. This should not hamper/ delay the program as the crushing section is complete and will continue to reduce the kimberlite samples down to the required -18mm particle size which can then be treated through the alluvial main treatment plant as required until the KBSP is complete.
LOM Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
