SVM sovereign metals limited

I misunderstood the report. English is not easy for me. Thank...

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    I misunderstood the report. English is not easy for me. Thank you for your explanation.


    INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2017

    Key PFS activities to date include:

    - Mining: Pit optimisations have been completed and preliminary mine schedules developed. Requests for quotes have been sent to mining contractors for costing purposes. Detailed mine design will commence shortly.

    - Resource drilling: 210 holes for 6,212 metres of aircore drilling to define and upgrade the resource classification levels and to test graphite mineralisation at Malingunde South Extension and other targets was completed in late 2017, with results for the first 104 holes released.

    - Processing: A program to test the suitability of a scrubber in place of primary crush and mill units at the front-end of processing is progressing well. Variability testwork has also commenced.
    Infrastructure: A location study for the tailings storage facility, waste dumps, stockpiles and processing plant has been completed and preferred options selected. Pump testing of the new hydromonitoring wells for pit dewatering investigations are nearing completion.

    - Environmental: Baseline specialist environmental studies are continuing with wet season site visits in progress. The ESIA Scoping Study report is scheduled for completion in late Q1, 2018.

    - Social: The first round of stakeholder consultations has been completed. A second round of consultations will commence after the submission of the ESIA Scoping Study report.

    - Corporate Social Responsibility: In late 2017 the Company installed two water bores for the communities surrounding the Malingunde Deposit.
    Last edited by Bützbuster: 15/03/18
 
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