This is the interesting part.
DEFINITIVE FEASIBILITY STUDY STATUS
The DFS is well advanced with all work fronts on schedule. The Woodley’s East Shear now forms part of the December 2017 MRE, with drilling ongoing to confirm infrastructure locations, and to infill the inferred portion and target extensions to the MRE.
The following sections of the DFS are complete:
- Flora and Fauna
- Surface and Ground Water
- Tailings Storage Detailed Design
- Process Plant DFS
- Geotechnical DFS
- Mining Contractor Pricing
- Mine Ventilation and Mining Services Design
- Mine Design and Mine Schedule
The following sections of the DFS are outstanding, however remain on schedule:The only concern I have is when in Q2 we will get the DFS. The original target was April, but there is no mention of April now. They might just be being conservative especially given there is so much drilling going on, but it would be nice to have a precise date.
- Non-production infrastructure
- Financial Modelling
Ore sorting test work is ongoing and may be incorporated into the Process Plant DFS. Following completion of the upcoming MRE, the mine design and schedule will be updated and incorporated into the financial model for inclusion in the DFS.
The DFS remains on track for completion Q2, 2018.
- Forums
- ASX - By Stock
- EGA
- Ann: Quarterly Reports - December 2017
Ann: Quarterly Reports - December 2017, page-2
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EGA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online