29M 0.00% 38.0¢ 29metals limited

Ann: Quarterly Report for December 2023 Quarter, page-29

  1. 1,502 Posts.
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    The question was on how quickly can tailings deposition be shifted to E pit. Answer given is it can be done quickly the infrastructure is in place to do so. However, not mentioned is CC is not currently approved to do so. Given the water level update at E pit tailings deposition is unlikely to happen in the near future.

    Don't get your hopes up on E pit tailings deposition. Because the company is not certain on this, it is already planning for plan B. Best action IMO is forget about E pit and focus approvals on E TSF lift 2 and then construction. Put site on C&M to conserve cash and hope GG generate enough cash to hold everything in place until CC is producing again.

    Company had almost a year to work on CC tailings plan B... just saying
 
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