AVM lodged an Annual Information form on sedar.com late last week. The important 'new' info in this form that I've found is-
1) Kulumaziba tailings project will now produce 16,500 to 17,000 tonnes of copper per annum(Pg6) - previously we were told 25,000 tonnes per annum.
2) There are now 711 employees at Dikulushi(pg 7) - previously 600.
3) That they're now going to use the old HMS Dikulushi plant(that has a capacity of 250,000 to 300,000 tonnes of ore per annum) at the Kulumaziba tailings project(Pg12) - previously we were told they were building a new HMS plant with a capacity of 1 million tonnes per annum.
4) That Dikulushi Stage11 plant recoveries will increase to 85%(pg 18) - previously we were told 92%.And that the concentrate grades will only increase to 49% copper & 1400g/t silver whereas we were told previously that it would be 56% copper & 1700g/t silver.
5) That the inferred resource at the Kulumaziba tailings project is 1.5mil tonnes at 6.8% copper in the first 7.5klms(pg 26) - previously 4 to 5% copper.
There is also an accompanying 100pg+ Technical Report from Finore consultants on the Kumuluziba tailings project with some interesting photos - it says on Pg17 that this project is estimated to produce 8.93% copper & 0.15% cobalt from a throughput of 300,620 toones of ore in the first year.
Obviously going to save on the CapEx for the tailings project and should have it into production earlier - maybe August this year(my guess).
Disappointing about the lower plant recoveries and concentrate grades at Dikulushi but at least it'll be accessing full grade ore at a continuous rate sometime this month & maybe they can improve the plant performance back to the previous promised rates.
- Forums
- ASX - By Stock
- sedar reports
AVM lodged an Annual Information form on sedar.com late last...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVM (ASX) to my watchlist
|
|||||
Last
2.9¢ |
Change
0.003(11.5%) |
Mkt cap ! $3.927M |
Open | High | Low | Value | Volume |
2.5¢ | 2.9¢ | 2.4¢ | $36.69K | 1.440M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25692 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 51842 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25692 | 0.027 |
2 | 349950 | 0.026 |
2 | 149920 | 0.025 |
2 | 241666 | 0.024 |
1 | 500000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 51842 | 1 |
0.030 | 102637 | 2 |
0.032 | 65069 | 1 |
0.034 | 240000 | 1 |
0.037 | 10500 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
AVM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online