AMI 2.70% 18.0¢ aurelia metals limited

Ann: Sydney Resources Roundup Presentation, page-3

  1. 14 Posts.
    Unfortunately gold recovery of "84% May to date" is still a long way off 94% as estimated in the Feas Study and, presumably, on which the final investment decision was made. My personal take on "captial improvement works" being implemented so soon after the plant has been commissioned is - we didn't know enough about the ore types and now have to spend more money to get what we said we would get. Not sure if the capital works will end up lifting the operating cost - hopefully not too much. Ideally, this capital work will lift the recoveries beyond the FS (although 94% is already quite high IMO).
    Hopefully the advice on "reaching 100% throughput in early May" means that the throughput is being sustained at 100% and not merely reached on a run rate basis for a shift or two.

    So I am very much interested in the timeframe for these capital works, the cost of the works and the timeframe for getting the gold recovery to 94% as the company intended.
 
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