As announced in the previous quarter the Company took the decision to relocate its drill rig from New Mexico to Zambia. The drill rig arrived 3 months late at the beginning of December because of delays at the port of Durban and in transporting the rig from South Africa to Zambia. Upon arrival the rig was found not to be in the condition previously advised and as such was unfortunately not suitable to assist in the Company’s planned resource definition drilling across all the Zambia Manganese Projects. Alternative drill rigs have been sourced that should allow the Company to adhere to its aggressive timetable.
The JORC time table in the presentation was for Q1-Q2.
This looks to have slipped a "Q"
Brewer talks about Q2-Q3 in the BBR.
Also interestingly the off take is for 48% Manganese.
By what he said, the 54% is what they would like to get.
Very good point on the missing 300ton, by the way.
KAB Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held