I think Hermes South starts get mined in about 6 months or so, sometime in early 4Q22 potentially... Superior already started on main pit deeps which is about 340kt and Superior is mucking about 150kt open pit ore per quarter. Central Bore will be upgraded from exploration tenement to mining tenement within 3 months and Superior already working on all documentation necessary for mining proposal from WA authority. Mining proposal for Central Bore potentially approved 1H23. Central Bore would go into production late 2023 and Hermes South would be mined until Cenral Bore ramp up. Superior spending lots on exploration in 2022 and Central bore is main target for Superior 2022 surface drill campaign so as to add to 447 holes and about 25,000m already drilled by previous operators prior to 2014. Superior already completed 4 holes at Central bore for 583m and it will be very interesting to see if Superior can extend deposit at depth, where per Alchemy public disclosures Central bore go to 75m and is wide open at depth.
ALY Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
