Thank you. That was really interesting, especially for those of...

First 33 Last

Share
Profile

Follow
golden6

11,459 Posts.

671

02/11/22

15:22

Post #: 64548317
Share

Originally posted by smit: ↑

6 months ago, I went to KV to see what they were up to. I was really lucky to speak to the exploration manager for about an hour. I know he was due to fly out that afternoon, but he still afforded me an hour of his time. Thanks Jamie.

As a miner, I am used to dealing with tech services people (Engineers, Geos, Surveyors) This guy puts them in the shade and it is good to see the quality of people working for our company.

He showed me mine plans, anticipated site layouts and exploration plans. Most of that stuff was already in the previous announcements, but it was nice to put it in perspective.

This latest announcement shows the updated mine design. It shows the underground decline progressing directly to the higher grade orebodies. The infill drilling which they were doing over the last 5 months would have helped with the overall mine plan. I notice also pits 1 and 2 are a long way from the start of underground high grade stopes. It will be a long time before the underground development extends out to underneath those pits. Pits 1 and 2 look like they will provide the initial mill feed and will probably get blended with the higher grade underground ores, (when they come on line).

The scope of underground development is in the hundreds of kilometres. In the first instance, there will only be one Jumbo operating underground. After it gets to the orebodies, more will be introduced quickly. These machines are capable of advancing 10 to 15 metres per day (with multiple headings). I am told they are expecting no real issues for underground ground control.
I wouldn't be surprised to hear of 10 or more Jumbos operating per shift. In the ore, I would expect them to take 5m high by 5m wide by 3.5m advance. Each cut producing around 300T of high grade ore. Once they have done all the development for the first stoping blocks, they will drill and blast 40m stoping blocks. They will only be limited then to how quickly they can extract it.
All the big underground contractors will be falling all over themselves to get this contract.

Expand

Thank you. That was really interesting, especially for those of us who are unfamiliar with how mining actually operates.

LTR Price at posting: $1.88 Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

RCE

Recce's R327 found effective against E.coli during clinical trial

There are more pages in this discussion • 9 more messages in this thread...

First 33 Last

Add LTR (ASX) to my watchlist

(20min delay)
Last 92.0¢		Change -0.005(0.54%)		Mkt cap ! $2.236B

Open	High	Low	Value	Volume
91.0¢	93.5¢	90.0¢	$13.19M	14.40M

Buyers (Bids)

No.	Vol.	Price($)
64	424165	91.5¢

Sellers (Offers)

Price($)	Vol.	No.
92.0¢	666030	74

View Market Depth

No.	Vol.	Price($)
59	400141	0.915
52	723672	0.910
30	466378	0.905
60	827204	0.900
13	800678	0.895

Price($)	Vol.	No.
0.920	681734	71
0.925	288537	33
0.930	521082	23
0.935	155631	15
0.940	181954	10

Last trade - 13.44pm 28/06/2024 (20 minute delay)

LTR (ASX) Chart

Thank you. That was really interesting, especially for those of...

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thank you. That was really interesting, especially for those of...

Top Stories

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News