MDI middle island resources limited

Ann: Resource increase at Shillington within Sandstone Project, page-11

  1. 2,632 Posts.
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    Dude, just crunch some numbers of the preconstruction capital, forecast output and even a DONKEY can figure out that it is going to be viable.

    The previous feasibility has been discussed numerous times previously, should do some back tracking.

    In summary, at the time, with the limited funding and exploration, the resource defined wasn't exactly large enough to warrant the recommissioning of the plant and the board directed the resource expansion strategy leading to where we are today. The POG was much lower back in 17, so, if the POG was at today's price, no doubt, the processing plant would be up and running.

    No need to hype the current campaign, but it has been nothing but a great success, we have over achieved what we set to do. Several new shallow open pittable deposits with the Ridge, Mclaren & Mcintyre deposits highly prospective, as evident, with the number of bonaza grade hits hosted within the BIF host lithologoy. Extensions to the known deposits are value add and growing the resource.


 
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