apex strategic reviev

Interesting news release by Apex regarding third party use of the Wiluna Mill. Pretty much states that third party use of the mill is of benefit to Apex, and that talks with third party ore sources is underway.

Whilst there is no specific benefit of BLK, it is good to see that the use of the Wiluna mill is an extremely likely scenario- particularly in the short/medium term.

Some Highlights of the announcement;

">Full utilisation of the Wiluna mill capacity (1Mtpa) offers substantial economic benefits.
>Accordingly, the Company has identified multiple third party ore sources in the vicinity of Wiluna, including Bogada Bore, which may utilise the excess capacity that currently exists"

"The Strategic Review announced on 11 January 2013 has reached the preliminary conclusion that value for Apex is likely to be maximised through higher utilisation of the Wiluna Mill. Apex is currently in discussions with multiple third parties about potential transactions that would bring additional throughput to the mill, including the Mark Creasy owned Bogada Bore project. Apex expects to conclude a transaction with at least one of these prospective third parties in the near term."