OAU 0.00% 0.6¢ ora gold limited

Ann: Second Quarter Activity & Cashflow Report, page-12

  1. 2,276 Posts.
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    Bobby, you will find that Mr Bruce is very busy proving up an open cut reserve that is obviously going to be processed through Westgolds Meekatharra plant.
    I was a little worried that exploration had slowed but a chat to an Ora staff member revealed that Ora had just completed a comprehensive RAB drilling program over a prime open cut target at Abbotts. Samples have been sent off for assays. I forgot to ask if this was in the approved Mining Lease at Abbotts, but it would stand to reason that's where you would concentrate for the quickest mining result. The reserve sitting on top of the Crown Prince, some 30,000 ozs would need to have a mining lease conversion before this can be mined.
    So the plan is obviously now to dig up the gold, send it off the Westgold plant, pocket the cash, a chase the deeper richer rewards ar depth.
 
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