GTM greentech minerals ltd - tba

chariot temp. closed

Currently unlisted. Proposed listing date: TBA
  1. aid
    138 Posts.
    Sydney - Tuesday - December 9: (RWE) - Giants Reef Mining Ltd
    today announced that it had temporarily closed the underground mine at
    Chariot yesterday afternoon as a result of a subsidence appearing in the
    floor of the previously-mined open pit.
    Giants Reef said the subsidence propagated to an open stable
    void.
    The company said immediate production at the Warrego mill should
    not be impacted by this as there was more than 9500 tonnes of ore on the
    mine and mill stockpiles.
    Current mill throughput is averaging 2300 tonnes per week and
    the resultant void will be backfilled with clean rock and/or cement
    fill, which can be drawn from the surrounding area.
    Giants Reef said forward gold delivery commitments had been met
    for November and December commitments scheduled for delivery at
    month-end were fully met on December 8.
    Shares in Giants Reef Mining last traded at 8.3c.
 
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Currently unlisted public company.

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