This is fantastic news.
Previously, NTL had noted of the TMP:
Approval [of the TMP] will mean that NTL has satisfied the conditions of the resource consent and is free to undertake movements on the road subject to the conditions stipulated in the plan.
The folk over at Protect Karangahake put it succinctly:
Under New Talisman’s resource consent from the Hauraki District Council they need a traffic management plan to be able to start work on the mountain.
And now NTL has a TMP to transport 100,000 tonnes of ore a year for the bulk sampling project. That's 20,000 cubic meters a year, I guess?
It will now complete the Traffic Management Plan and embark on the development of the project for which the valid consents allow up to 20,000 cubic metres a year to be extracted from the mine.
So why not throw in a pie-in-the-sky estimate based on the JORC resource and pre-feasibility study? 6.9g/t * 100,000 tonnes * NZ$1800 per ounce / 28 (grams per ounce) = $38,812,500 in gold revenues per year if the bulk sampling is highly targeted?
Previous underground drilling and sampling has delineated a Mineral Resourceof 204,760 oz gold at a grade of 6.9 g/t and 798,840 oz silver at a grade of27 g/t. The mining operation examined in the Pre-Feasibility Study wouldinvolve only part of this resource, generating income with an aim to developan extended operation.
Pie in the sky but potential is there for NTL![]()
This is fantastic news. Previously, NTL had noted of the TMP:...
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