With the recent drilling results allowing better understanding of the Epanko deposit, a resource upgrade was announced. With this positive change in the parameters along with the completion of the Kilombero bridge and talk of fast tracked electrification to the nearby areas it would seem that a lot of the baseline data has changed for the initial BFS for the Epanko mine - not to mention 40KT (44KT) now looking at 60KT PA output (with extra shifts - not extra plant[as I understand it]).
So RPF has been provided to lenders(assumed), now the positive drilling results and resource upgrade are also available (only publicly from 31/03/2017).
I would think that there will be a revised BFS being completed that the lenders will be waiting for before finance terms and conditions can be agreed and signed off?
Maybe some of our bankers have more insight into what else may need to happen before any finance deal can be reached? ie crosscheck of offtake agreements with Sojitz, etc..
SK60
new BFS? then finance
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