meeting of 28-02-2018 outcomes Process conglomerates from Just...

meeting of 28-02-2018
outcomes
Process conglomerates from Just in Time
to obtain nuggets and fine gold ,approximately 6 gms /ton
This will produce cash flow. To happen now

Process bulk scree and alluvial material from Nuggety Gully to a
product that will be >5 oz per ton gold & PGMs To start in 6 weeks
Validation of the process will be an offtake agreement with an
overseas smelter.

Process some DeGrey conglomerate to estimate gold&PGMs

Process Bamboo Creek Gully drill core samples drilled by BHP
to give a resource estimate

Continue activities to have HAO relisted on the ASX.
Issue is companies act requires the company to provide shareholders
with information that may influence the share price
ASX requires a mining company to do this within the JORC
constraints
When dealing with precious stones like diamonds and
melon seed gold in conglomerates the current JORC
is inappropriate.

charliegold