excellent results but i wonder about strategy, page-3

Daily posted;
“I jumped on when there was talk about making an agreement to use TAM's installations. Is there any progress with it?
Shouldn't ABU focus on one project and begin mining asap? Instead of using the cash in other exploration?”

There has been progress but none that has been announced re Tam toll treating.
The progress is a completed scoping study with excellent results using our own gravity recovery plant with $27mill capex estimated.
This is a better option IMO because we are our own masters and won’t need to worry about how much capacity TAM offers us.
Also allows us to increase production if resource increases justify it.

On your second point they needed to get an idea on the scale of the project before finalizing mining applications.
They should have what they need before year end and we could potentially be mining by next year.
Any exploration success along the way just adds value to the scoping study as it is upgraded to a FS.