Ann: Sherwood High Grade Zone larger than expected, page-108

Board and management of Minjar Gold are Chinese and their parent company is based in China. Yet to source the name of their Top SH. As for Citigold... there's a few Chinese names on the Top SH registry. Wouldn't be surprised if there are connections there and involvement in any Qld gold mine revivals. Citigold is or was the parent company of the private co Maroon which know all too well and owes LNY big bucks.

Hopefully news re the "mining options" which LNY made reference to in recent consecutive anns will be via a definitive statement as to who is the party to be processing our gold soon. If on the off-chance LNY gets to make a cheap purchase of the Maroon processing plant at an upcoming auctioning off of Maroon's assets, it would be out of the equation for this year's mining.

Best case scenario is that LNY gets its 30,000+ tonne of ore processed by a third party. Then part of the proceeds pay for the plant (being a distressed sale). Wishful thinking perhaps but worthy of keeping in mind. The best scenario, of course, would have been sell the Ashford Coal project outright to be a secondhand plant... but with some much back-scratching going on amongst mates in the background, guess all we can do is sit and wait in hope knowing that commencement of mining will set a rocket under the SP.