Gold - contract mining

I found the reference to gold mining in the H1FY16 presentation interesting. The words being, “The Mining division continued work at Western Turner Syncline for Rio Tinto. While the resources industry overall is challenging, the outlook for contract mining, particularly in the gold mining sector, is encouraging with a number of opportunities being pursued in Western Australia, South Australia and Queensland.”

The mention made of SA and QLD in the H1FY16 formal report ties in with comment made in the presentation – namely, “. . . we will continue to focus on:

• . . . blah, blah
• looking for credible ways to broaden our geographical footprint.”

Both these comments surprised me, but the information at http://hotcopper.com.au/resources/a...es-as-its-currency-shrinks.3541/#.VtLOiH197Z4 suggests why contract gold mining may be an option for BYL, particularly in the west of SA, where being Perth-based would not be a relative disadvantage.