~$98M in cash and listed investments and no debt at quarter-end, expenditure rate declining to ~$1M per month by end of December 2024.
Three new multi-kilometre scale gold targets identified at the 100%-owned Barrabarra Project, AC drilling to commence in November 2024.
New ~2.4km long Kann copper-gold-PGE target defined at the Northam JV Project (Chalice earning 70%), AC drilling to commence in December 2024.
Pre-Feasibility Study continues,
Comprehensive testwork program ongoing on 12 composites made from over 100 variability samples, derived from 33 dedicated metallurgical drill holes – a critical step to de-risk and optimise the Project.
Comminution testwork utilising HighPressure Grinding Rolls (HPGRs) has been successful and demonstrated the potential for a ~30% decrease in power consumption for the comminution circuit, relative to conventional SAG-ball milling assumed in the 2023 Scoping Study.
Ongoing leach testwork on oxide and flotation tails has highlighted the potential for a material reduction in operating costs without materially affecting recoveries.
CHN Price at posting:
$1.96 Sentiment: Buy Disclosure: Held
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