Hi Paul,
Just a quick one that you may like to pass comment on.
At Ancuabe we know that tenement 5336 contains large and jumbo size flakes (85% larger than 212um) and along NE strike from the old mine. Of course how much is there is still unknown. The VTEM surveys done do indicate promising results. Initial samples taken from Tenement 5380 proved to be of smaller flake. That still leaves 5305, 5934 & 6537 (I think the licence applications were granted on the last two.....though I can't find it anywhere). In a nut shell we really don't know what we have at Ancuabe yet.
Now from left field........YXCG require 100kt's p.a of NOT LESS than 150um.
We may be able to supply the required product from Ancuabe (if the metallurgy proves to meet customer requirements).
It's all close to the existing AMG/GK processing plant (within a few Kls) so one would imagine the saving on haulage from Nicandra would be significant. The processing plant was recently upgraded but would it be able to handle this volume in your opinion?
We may not even have to go to Nicandra initially to satisfy YXCG.
Just a passing thought.....hope it makes sense.
Mike.
TON Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
