Two points from the 3 June 2020 ASX Market Release(ASX: AMG)
The Company is now focused on completing current scoping studies for the Mt Freda Complex to assess mining and processing options available in Cloncurry.
•The Company is focusing on near term gold production to fund additional drilling to upgrade and potentially extend known mineralisation.
Scoping Studies
The company has commenced assessing several mining scenarios for the Mt Freda Complex including initial open cut mining, with all ore treated off site at third Party processing facilities. Como Engineering have been engaged in reviewing the current Ore processing facilities in Cloncurry. With the current infrastructure in place including haul road access, the Company will assess a low-cost early development mining start up. The Company plans to utilize near term cash flow from the Mt Freda Complex to continue to upgrade the Maiden resource estimate, as well as additional drilling targets identified within the Ausmex tenure,
Could be the scoping study as you say Sharetrader78,
Might be a little early ?
This also might be the start of better comunications from the company?
Guess we will have to get used to
"expect the unexpected"
all the best
FireflyOne
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