A recent update interview with DJ on Lake Hope, released today, see link below:
Main points from interview:
- Lake Hope with be the shallowest and highest grade open pit in the world
- Mining costs will be a very low 5% of total operating costs
- Environmental approvals should not be a problem and be started/lodged this quarter
- Mining study and application to be lodged this quarter
- Logistic studies currently being done, looking at a Kalgoorlie industrial site for the Processing Plant
- Looking at govt. Grants to finance and build the Processing Plant
- Started metallurgical studies and test work, will have end-samples for end-users by the end of this year
- Has a Patent on the metallurgical processing of the HPA ore
- Started and priority/focus now will be to get off-take agreements with end users
- Confident of following in the footsteps of A4N and become a billion dollar market cap company
IPT possible 100 bagger?, page-769
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