KIN 3.03% 6.4¢ kin mining nl

Redcliffe approval

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    DCN bought Redcliffe, to the N of Cardina a few years ago ... I think for around 100 million. Mertondale station is now owned by the Department of Defence because of the Jindalee radar and risk of Chines ownership. DCN have just reached agreement with Defence to mine Redcliffe. But the ore is not necessarily going to the DCN plant, and it seems a deal with Kin to either sell or toll process Cardinia ore is still on the table.

    DCN are "considering processing options" for Redcliffe ore, and in regard to the Mt. Morgan's mill, in C&M and 50km or so E of Cardinia they are (still) saying:
    1. Mt Morgans is currently on care and maintenance and Dacian is focused on developing a low risk, sustainable mine plan to enable the resumption of processing. To this end, current activities include mining studies, the expansion of water supply and tailings storage capacity and evaluation of potential ore purchase / toll treating arrangements


 
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