interesting they want to mine to GOLD and leave the Lithium for now !?!
Mt Ida Project Development - Gold Delta is exploring opportunities to monetise the gold resource at Mt Ida. A study is underway which contemplates mining the gold resource only and preserving the lithium resource for a future investment decision. Preliminary discussions have commenced with third parties regarding processing options for treatment of the gold. The initial Sister Sam Open Pit (which has a published resource of 240kt @ 9g/t for 70koz) is fully permitted and shovel ready. Metallurgical test work was undertaken on the Sister Sam Open Pit gold lode (Baldock 086) and Geotechnical studies have been commissioned on all of the Mt Ida deposits. The Mining Proposal and Mine Closure Plan is currently being updated to include an additional two Open Pits and an Underground operation and this will be submitted to DEMIRS in the June Quarter of 2024. CORPORATE Cash and Cash Equivalents Cash at the end of the quarter was $100.2M.
DLI Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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