FFX 0.00% 20.0¢ firefinch limited

Ann: Satellite Pit Resources update delivers 1.49M oz of gold, page-15

  1. 1,692 Posts.
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    so far this announcement was expected but now validated, i.e. the research report did not include satellite pits i believe in the calculation.We wont go sky high on this announcement, but good derisking and also extending our mine a bit longer as economically as possible. With this model we can exploit these smaller sites with minimal capex costs and that was the beauty of the Morila Plant transaction, is paid $40m AUD and we just unlocked probably $24m aud in tailings and $55m to $85m in satellites. (i.e. payback period of under 1 year)

    Over the next 1-3 months
    1. Koting
    2. Morila Initial drill results/mineral resource
    3. Any Lithium Uplift
    4. Tailings (any surprises but most likely very very minimal)

 
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