ď‚· Mining operations now underway at the Ulysses West open pit, at the Ulysses Gold Project near Leonora in WA.
ď‚· First ore expected to be delivered to the 3.5Mtpa Paddington gold plant by midOctober under the Toll Milling Agreement with Paddington Gold Pty Ltd.
ď‚· First cash-flow anticipated by mid-November, with the mining operation forecast to generate free cash-flow of ~$6M from the Ulysses West pit.
ď‚· Sterilisation drilling on the western side of the open pit has returned shallow, highgrade intersections including: o 10m @ 3.2g/t gold from 30m; and o 5m @ 1.74g/t gold from 15m
ď‚· Drilling will commence shortly to drill out this zone to evaluate the potential to extend the open pit in this area, following the completion of the initial 3-month mining program.
ď‚· Deep drilling beneath the previously mined Ulysses pit has extended the plunge of the mineralisation by a further 60m down plunge to the north-west, with a best intercept of 2m @ 9.3g/t gold and the mineralisation remaining open at depth.![]()
- Forums
- ASX - By Stock
- GMD
- MINING COMMENCED Ulysses West open pit
MINING COMMENCED Ulysses West open pit
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GMD (ASX) to my watchlist
|
|||||
Last
$2.07 |
Change
-0.120(5.48%) |
Mkt cap ! $2.322B |
Open | High | Low | Value | Volume |
$2.13 | $2.16 | $2.05 | $8.184M | 3.934M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $2.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.07 | 46993 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 2.060 |
4 | 47782 | 2.050 |
2 | 27316 | 2.040 |
3 | 38626 | 2.030 |
5 | 44061 | 2.020 |
Price($) | Vol. | No. |
---|---|---|
2.070 | 46993 | 4 |
2.080 | 16486 | 5 |
2.090 | 56350 | 2 |
2.100 | 33728 | 3 |
2.110 | 30694 | 2 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
GMD (ASX) Chart |