Thank you for confirming you were confused again, MRC hasn't fully drawn down on GMA Garnets loans, the funds they have drawn down were used for the following.
Slimes management improvements are underway, including installing double efficiency cyclones in April 2024 (removes more slimes prior to processing) and a new water circulation circuit (includes a fresh seawater infeed line to the secondary process plant and eliminates slimes in tailings being recirculated in processing) being installed in May 2024.
As you know these were reported in the March QTR report along with the impact of the breakdown of the excavator and the tear in the liner for the water supply to the processing facilities. all of these issues have been resolved and MRC returned to mining the inland strands and Tormin Beach,
We should see some improvements in production during the current QTR, although I cannot see MRC having any major sales due to the time required to build stockpiles of Heavy Metals. It will be interesting to read the June QTR report when this this arrives to see how they managed to continue to operate with their dire cash backing.
- Forums
- ASX - By Stock
- Ann: Tormin update and exclusivity for potential sale
Thank you for confirming you were confused again, MRC hasn't...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRC (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.59M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MRC (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online