Kanmantoo Underground DeclineThe underground decline commenced during the quarter using Komatsu’s MC51 mechanical cutting machine.The portal has been completed and services at the portal established. The MC51 is operating under trial conditions and is partially funded by Komatsu, and a $2m grant from the South Australian Government’s Jobs and Economic Growth Fund3. At quarter end, the decline had progressed approximately 20 meters. The intent is to establish underground drilling platforms that can be used for both exploration drilling and stope definition works. In the future, the decline will also serve as the future underground mine access, reducing what is already a low cost and short timeframe to first copper.
HGO Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
