Well if that wasnt enough to get your heart rate up .......!
ESG & Safety - big ticks with no person or group showing any objection/resistance to the mine - I'll bet the other aspiring producers around the world wish they had that luxury - the Insto's/ethicals will love this
Capital Equip - multiple tiered shaker tables, a big increase from the existing 7 or 8. Existing crusher doing a great job but running 24/7 - the new Sandik crusher will run at 12/7 - again, will be a huge cost saving
Current plant capacity of 30/- tonnes per mth but actually currently running at 30-32/- per mth. From July 1, out of the open pit, will be a slow ramp starting at 30/mth, then 40 in 2nd mth, then 60 in 3rd mth
Responsible approach working with Dept of Mines to improve aspects of the Environment Approval (recently granted) to cater for water mgt, bore water sources, dust control, flora and fauna protection etc - the Insto's/ethicals will love this also
The Pit - empty in 10 days then a cleanup as part of the ramping/prepn
Tony's great quotes upgrading western extension to indicated very excited about Iron Duke - the next system to tap into significant increase in MTU's - (this is what converts to $$$$) access high grade veins (Bluff, Johnson) - even while we are mining the pit open in all directions existing BFS LOM of 4 years will now be 7 yrs OC PLUS 10+ yrs of UG
Thats a massive increase in LOM that many other aspirants would love to have - a truly multi generational mine and, based on the low OPEX and ongoing responsible savings, this will be a high margin and very profitable project in deed.
An APT price increase, (coming to you soon) will add to this margin very nicely
EQR Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
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