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Thanks Wassa, did you get a sense either way that NN mining had...

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pbawley

1,831 Posts.

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04/11/22

06:30

Post #: 64580958
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Originally posted by wassa: ↑

A few answers from the meeting,

Staffing ok with good retention … morale lifted with positive NN drilling results.
Working on Gilbeys East and in advanced planning stages at GN.
GE is much the same ore grade as Gilbeys but closer and shallower so operational cost advantages, will take some time to progress to the higher grades in NN … and the underground will be the real money maker.
More drilling results soon. Hopeful of other potential N-S zones. NN orebody still not closed out so maybe further expansion.
The costs will stay elevated but transitioning to a much better H2.
Mine plan and 5yr plan being worked on. Looking towards a strong outcome.
Your favourite tenements getting some follow up exploration attention. No plans to divest them.
Continuing to negotiate costs in the supply chain.

The operations are currently the low point in a really exciting period of discovery and more potential discovery … really is a work in progress, just need some time to bridge the gap and the improvements will start to flow thru.

SL, Nick and team seem active in all parts of improving the business. Clearly excited about NN and further potential.

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Thanks Wassa, did you get a sense either way that NN mining had begun?

GCY Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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