GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Report - June 2018, page-67

  1. 929 Posts.
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    I saw the total amount mined decrease a good thing. Early 2018 i believe Mt Cattlin was finishing up some sections which saw us mine more ground but had more micas and less concentrate. Over this time we expanded to a new area with a better strip ratio and grades. It looks like this quarter we started mining a great area of MC. Mining less with more concentrate is always a plus as costs go down and earnings up. Especially when we are implementing tech which will rise recoveries to 75%.

    Furthermore we have huge expanses of tenements that are yet to be mined around Ravensthorpe. The Kingston acquisition will give us some high grade spots also.

    IMO Mt Cattlin reserves will increase every year. Also didnt i see somewhere that the area around MT CATTLIN hadn't been explored/drilled since 2012? plenty of potential
    Last edited by Battleship: 17/07/18
 
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