AUR 0.00% 0.7¢ auris minerals limited

new announcement -just after close of business, page-26

  1. BBV
    1,714 Posts.
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    Chico, this is the most recent direct reference I can give re Grosvenor Plant. Hope it helps.

    Excerpt RNI Update 17th May 2013

    As part of the review, RNI has reduced spending on the refurbishment of the 100% owned Grosvenor gold plant,
    which is located ~170km north-west of Meekatharra. This will delay the Company’s original plan to complete the
    refurbishment of the Grosvenor gold plant and recommence gold mining in 2013.

    RNI will continue progressing the various permitting and approvals required for the recommissioning of the
    Grosvenor gold plant and mining of the Yarlarweelor pit, which has JORC compliant probable reserves of
    193,100oz (Appendix A).

    The refurbishment of the Grosvenor plant has reached an advanced stage where less than $6 million, and four
    months’ work, is required to achieve completion. This gives RNI the flexibility to respond quickly to any
    improvement in the gold price outlook or change in the economics of the Grosvenor project. Pit dewatering related
    activities are continuing as planned.
 
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