Looks like the first quarterly report for some time with only good news. The comments on the mining of the Nugent extension look particularly relevant:
"completion of the initial project execution plan for Nugent Underground"
" Nugent Underground – a draft project execution plan to explore the underground continuation of the high grade Cu and Au ore zones mined within the Nugent open pit was completed, with the project now being optimised to integrate with open pit mining, milling schedules and cash flows"
"Nugent Underground is within 180m of the existing haul road of the Giant open pit, and provides an early opportunity to source additional higher grade copper-gold ore for processing whilst the open pit is in operation. To assess the economic feasibility of an underground operation at Nugent, various studies are in progress, including preliminary resource estimate, geotechnical studies, conceptual underground mine design, drill plans and metallurgical test work studies. "
"During the quarter, the initial project execution plan for the Nugent Underground exploration was completed. The project is now being optimised to integrate with the existing open pit mining and milling schedule. The goals of the project still remain to define the Nugent orebody below RL1050 and gather valuable cost, engineering and operating parameters that can be applied to future underground feasibility assessments for the other targets"
This all points to additional mining beyond 2018 and additional cash flows which are likely to be substantial. My guess is that success at Nugent would be followed by exploitation of the other targets.
- Forums
- ASX - By Stock
- HGO
- December Quarter Report
December Quarter Report
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HGO (ASX) to my watchlist
|
|||||
Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $113.1M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.3¢ | $63.96K | 1.186M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14301 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 50003 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 623988 | 0.053 |
7 | 908009 | 0.052 |
6 | 1086882 | 0.051 |
10 | 410012 | 0.050 |
5 | 700425 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 67904 | 3 |
0.056 | 410969 | 2 |
0.057 | 512055 | 5 |
0.058 | 254477 | 4 |
0.059 | 1961352 | 6 |
Last trade - 14.46pm 15/08/2024 (20 minute delay) ? |
Featured News
HGO (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online