The previous owners of the Beta deposit were Deep Yellow. It was...

The previous owners of the Beta deposit were Deep Yellow. It was called Mikado then

Deep Yellow went into administration on 24 June 2004 as a result of Mikado. See the 2004 Annual Report

http://www.asx.com.au/asxpdf/20040930/pdf/3n29t73185msy.pdf

In the AAM presentation :

http://www.asx.com.au/asxpdf/20090921/pdf/31ktt2w1hds5g6.pdf

at slide 12 it says:
"Mining [at Mikado]terminated early because treatment plant operators suddenly went into receivership which was catastrophic financially for the goldminer"

WRONG. VERY WRONG

SGW was Toll milling Mikado at Tarmoola. SGW went into administration on 30 August 2004. The directors of Deep Yellow in their 2004 report said that Deep Yellow became insolvent on or around 24 June 2004

"as a result of the mining operations at Mikado not achieving the results anticipated and being unprofitable."

Furthermore up until Jan 2009 AAM intended to build its mill at the Delta Deposit. Prior to that AAM intended to have a mobile mill it could move to other deposits which ensured the viability of mining those more distant deposits

The Mill is being built now is at Beta. Beta is around 80km by road ( some "road")from Delta . Delta is the biggest deposit. Why did they suddenly change location given the haulage costs from the other deposits which will affect viability as previously stated.

Old hands here will raise their eyebrows and shake their heads.

it doesnt look good