Share
2,442 Posts.
lightbulb Created with Sketch. 599
clock Created with Sketch. 28/03/23
11:35
Share
Originally posted by SoWoEverLike:
↑
We will hopefully have positive news regarding exploration at both projects and perhaps metallurgical results from MGGP - but maybe not the Reserve announcement and final investment decision. I think, perhaps, the major MGGP unveiling will be taking place around late July along with the annual report leading into August - Diggers and Dealers. We are awaiting assays from A/C and R/C done to the east of the MGGP pit sequence. They are sterilisation drills for the plant layout. If they return a lot of gold - the proposed mine layout will likely have to be adapted. This could lead to a second round of sterilisation drilling in a different location and a complete overhaul of the mine site layout, along with follow up infill / extensional drilling to define more resources in that east of pits area. To the north of the pit sequence the rock chip sampling has returned gold >5gpt and also copper >2% and moly and silver. I think we have A/C results pending there also. You can see the infilling occurring at Veda between the airstrip and the mine in the last frame of the above timelapse of Karlawinda. They may be adding another year or two to the KGP LOM there right now.During the period, technical work and studies continued across numerous disciplines for reserve est imation, feasibility studies, permitting application and ultimately project development. H ydrological exploration and testwork commenced at the MGGP with early testwork identifying multiple positive flow locations which will be targeted for production wat er bore installation in the second half of the year. A maiden reserve estimate is expected to be released in the March 2023 quarter.
Expand
Thanks. U r keeping this thread alive. It is here in keeping with the sober but factual reporting style of the company....
(20min delay)