VAU 3.13% 33.0¢ vault minerals limited

Plant is "progressing well".... 4600oz in feb which is positive...

  1. 2,438 Posts.
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    Plant is "progressing well"....

    4600oz in feb which is positive as 6200oz is to achieve nameplate capacity (75000oz pa), we still in ramp up mode for the next couple months...all goes well maybe can exceed... First few months its about getting plant running smoothly constantly instead of focusing on max output...

    I feel ASIC to be extremely low for the first few months as they accessing stockpile ore, so will have nil mining costs until April... Which should be good as it will add to 13mil cash...

    Average grade of 3.53g/t recoved is better than expected, as I was expecting around 2.5g/t...

    Good to see them regularly updating the market....
 
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