The time line according to ASX announcements:
11/04/2018:
The Board of Directors (Board) of Kin Mining NL (Kin or Company) has taken the decision to curtail construction works on the Leonora Gold Project (LGP), pending a full review of the capital cost and schedule for completion............Accordingly, the Company has engaged Como Engineers as its external and principal consultant to undertake an independent and thorough review of the LGP.
The BOD at the time announcement was made is given as Jeremy Kirkwood, Trevor Dixon, Joe Graziano, Brian Dawes.
27/04/2018:
Kin Mining NL (ASX: KIN) is pleased to advise of the appointment of Mr Andrew Munckton as Chief Executive Officer, effective 26 April 2018.
09/05/2018:
Kin has recently received a preliminary report covering engineering and metallurgical aspects of the Cardinia Plant Site from Como Engineers. The report has confirmed that there are no fatal flaws with regard to the Cardinia facility. However, Como has identified a number of elements of the processing plant that require additional testwork and design to optimise the project returns. The Como report confirmed the Board’s expectation that there will be a material increase in the capital costs to deliver the LGP.
In addition, Kin has received a preliminary report into the LGP from its new Chief Executive Officer Andrew Munckton which aligns with the findings of Como and highlights other opportunities to reduce risk and optimise the project’s financial returns.
BOD remains the same but shows Andrew Munckton as CEO and Glenn Grayson as Exploration Manager.
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