barrick gold opa, page-9

Morning Recyug and others

See below a relevant section from my chat with Jon G recently (whole interview was posted on HC)....

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Me: What about use of Barnicoat Mill?

Jon: “That will come down to a question of economics. The mill has no Crushing Circuit which will take 5-8 M to install. Some further capital will be required to commission but I’m hazy on the amount.” “Some CRE areas have different Geological Composition to the ore currenty being fed through Granny Smith Mill (GSM) and as these areas get closer to production, BARNICOAT Mill may be needed.”

*Jon went on to say that the GSM Treatment Deal with Barrick was “Very good and better than what we’d achieve internally.”
He said that GSM would continue to treat 2.5Mt/for at least 2-3 more years......

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I agree reckon we would get a much clearer picture of future plans/options when/if CRE T/O can be finalised"

Heres hoping

Cheers

Couchy