quarterly report issued today
sounds like the DFS progress & outcomes are positive (although disorganised)
Preliminary findings of the mining and transport costs indicate low operating costs due to the project’s accessibility; existing infrastructure; and the near-surface, soft nature, friable aluminous clay deposit. This represents a compelling advantage, which the Company looks forward to verifying in the short term.
The final DFS figures depend on a number of pending third party price quotations that the Company anticipates to receive in the coming quarter.
With several expressions of interest already received, AMMG proposes to conduct a tender process for the construction of its HPA plant conditional upon funding security. A number of potential funders have been briefed and are awaiting receipt of the final DFS information.
Several end-users of reputable overseas organisations have requested a representative sample of AMMG’s HPA. The Company is currently progressing these negotiations in anticipation of a potential off-take agreement.
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