I, and I assume many other investors received this in an email back in June 2019 from Rob Bills, ahh the memories;
In terms of news flow, we have just finished pouring the last gold bar from the first parcel of ore from Edna Beryl – has been a long and circuitous path as the toll treatment by third parties proved problematic. Fortunately, the solution is close, as our partner Territory Resources is finalising their funding for refurbishment of the Warrego Mill (which we sold to them, based on a deal of receiving priority processing on a cost + basis). Territory anticipate the front end (crushing, grinding, gravity circuit) could be up and running by Oct 2019…keeping in mind that 60% of the Edna Beryl ore is recoverable by such a simple front end. The remaining 40% of ore requires a CIP (carbon-in pulp) circuit which will require the gravity tails to be stockpiled until the CIP is completed…but more on this later
ERM Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
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