Good news last week on the new Cable Bolter that arrived on site. Under a 3 year contract Jetcrete will be subcontracting to MLX/Bluestone for additional cable bolt support in the hanging walls to reduce dilution of waste into high grade ore stopes. Previously cables were only able to be drilled with the jumbo upto 6 metres long and unable to support hanging wall failures from diluting ore, With the new Sandvik DS421 on site this will free up jumbo availability on active headings and increased development metres into the new high grade area 5 mining area. Great news for increased mill recovery percentages and reduced waste handling. Quarterly announcement should be very interesting. GLTAH
MLX Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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