Ann: RRS Gather Round Presentation - 4 April 2024, page-6

This from 2017:

KIN SECURES 2.5MW BALL MILL

Kin has completed a payment of $1.27M for the acquisition of a used 2.5MW ballmill plus new intertank screens and agitators for the CIL tanks.Kin Mining (ASX: KIN) is pleased to advise that it has exercised its option (refer ASXAnnouncement 1 August 2017 “Kin Lifts Milling Capacity After Securing 2.5MW Ball Mill”)to acquire the 2.5MW ANI-Ruwolt ball mill, CIL agitators and screens through the paymentof $1.27M to Macca-Interquip. The purchase completes the acquisition of necessary keyequipment required for the development of Kin’s flagship Leonora Gold Project (LGP) inWestern Australia, which is now under development.

In addition to the essential drive train components, the ball mill comes with spare motor,gearbox and pinion along with engineering details which will serve to reduce installationcosts. The ANI mill was last used at the Mt McClure gold operation in WA and is in goodcondition. The six intertank screens and agitators are unused and in new condition.The installation of the 2.5MW ball mill (which forms part of the upgrade of the LawlersPlant) at the LGP will provide single-stage primary grinding of the Cardinia ores at anannualised throughput rate of 1.5Mtpa.Kin’s Managing Director, Don Harper said, “Kin has been very fortunate to secure this longlead equipment at a very competitive price. Our construction team can now commencerefurbishment work."

So after spending several million last thing I vaguely remember is that this mill has been stored ever since somewhere on the Cardinia. Aside from the fact that KIN of course presently owns no immediate mill ready feed - what do people think:

After all these years would there still be a reasonable chance to refurbish this mill at a reasonable price, way lower than a new build which was the idea in the first place? What sort of time and money would realistically be required to get this thing back to production at today's prices? Or has it become effectively scrap metal by now?