Ann: Quarterly Activities Review & Appendix 5B, page-6

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completelybroke

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28/04/23

21:18

Post #: 67517585
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Originally posted by goldinvo: ↑

There has been progress. After 10 years of work, the "Definitive Feasibility Study" was upgraded to almost be a scoping study.

2012 Annual report "The targeted Resource for the PreFeasibility Study being undertaken last year was reviewed by the Company’s
new Board and Management team and considered to be too conservative. As a result, it was decided to continue further drilling at the Groundrush
Deposit and undertake the additional work necessary to complete a Definitive Feasibility Study (‘DFS’) based upon an expanded Resource base.
This work has now resulted in a current Resource in excess of 1 million ounces at the Groundrush Deposit and is expected to result in the completion of the Company’s DFS in April 2013. Results to date for the DFS indicate that development of the Central Tanami Project presents a compelling investment case based on robust economics, low start-up capital requirements, low execution risk and substantial organic growth opportunities. Subject to the successful conclusion of the DFS and Board approval, the Company would expect to commence the development of the Central Tanami Project in mid-2013 as it seeks to deliver upon its objective of becoming a leading mid-tier Australian gold producer"

Nostradamus predictions for 2034:
End of email spam
World population to reach 8.8B
Tanami Gold to publish a Groundrush concept study

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I rest my case. Why would you think this is a buy? At this rate we'll be almost further on in 10 years time
TAM Price at posting: 3.5¢ Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

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