I think this is very significant for ABM. NST has a fantastic track record of clever & successful acquisitions and clearly sees value in the region. ABM's has a large land holding right next door and will be ramping up exploration.
NST will looking at how to fill the CT mill. Groundrush will provide sufficient base load for the CTPF but prob insufficient to fill it. Refurb going cost $50m-$75m. I would be confident in proposing that NST did not do this deal unaware of all the options available to it! Additional feed from the 1moz at Buccaneer could help. Its a truckable distance and Buccaneer is an opencut low cost mining option. This is potentially a significant win-win for both & if a toll treatment deal is reached no need for ABM to build a mill to extract the value in Buccaneer now!
I think this is very significant for ABM. NST has a fantastic...
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