Let's hope this disappointing stock may finally have it's day!!
Start-up of mining at Lethbridge South planned for early 2011 after all approvals are finalised.
Lethbridge South will produce approximately 25,000 tonnes of concentrate over a six month period.
Gross sales revenue is expected to be AUD $12 million -$16 million.
Also,
Scout drilling has been carried out at One Tree Point which has identified a large low grade deposit with the potential to support a 2-3 year mining operation.
Matilda will drill this over Nov/Dec 2010 to bring this deposit to a Inferred/Indicated resource status.
And,
Major Leucoxene / Zircon deposit situated 70km south of Perth
?
Resource will support an 8 year mine life mining at 600 tph
?
Has environmental approval from the W.A. Minister for the Environment
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Currently seeking Development approvals, decision expected 1st Quarter 2011
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