Ore mined for the period was above the rate required for nameplate ore production and was directed at providing sufficient ore stocks for processing following the recommencement of operations. Waste mined was below the level required for appropriate open pit mine development. ZG is evaluating the engagement of contract mining groups for waste removal due to the increased material movement required in the next 12 months. To date ZG has conducted mining operations on an owner operated basis requiring material investment in mining equipment and support facilities. Contract mining for ore production is also being evaluated.
Cheers.
VRC Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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