468mill shares -63%+ held by top20 Mktcp-$39Mill\ SP-7.8c CASH-18MIll DEBT-10Mill
IMHO a brilliant GOLD,silver,base metal play at present market value .. with two main projects
1#-MIneral hill- Processing Infrastructure • CIL with 700ktpa capacity. • Flotation plant capacity of 350ktpa. • 3 x separate base metal concentrates; copper, lead and zinc (superior payability compared to bulk concentrate).
ML jorc resources GOLD - 323koz SILVER 6,566koz copper 72kt lead 113kt Zinc 81Kt
5yr+ LOM at present
• 5 principal target exploration areas close to plant(from just one permit) 1. Claytons Dam (Au) 2. Walkers Hill (Au-Cu-Pb) 3. Long Panel Mine & Websters Gossan (Pb-Zn-Cu-Au) 4. Gleninga (Au) 5. Yellow Mountain & China Workings (Pb-Zn-Cu-Au)
High potential to add mining inventory from exploration within the current mineral hill leases with 15x leads
Surrounded by other projects that could be aquired or JVP/toll treated
#2 -PNG GOLD/SILVER project
3.8MOz GOLD 22.1MOz Ag
NPV- A$1Bill++ (at present Au/Ag prices)
IMHO a major JVP deal with free carry royalty for KSN
