NRL 0.00% 4.7¢ northam resources limited (application withdrawn 21 november 2022)

Just note in the Mackenzie River project.... A yield of 51%...

Currently unlisted. Proposed listing date: 16 DECEMBER 2022 12:00 PM AEDT##
  1. 94 Posts.

    Just note in the Mackenzie River project.... A yield of 51% based on lab yield. I won't harp on about it but until they do a full scale wash test of a significant volume of coal through a full scale washplant its not bankable.

    They will DEFINITELY get a poorer yield and/or a higher ash product based on the lab yields. Even a theoretical wash simulation will have difficulty estimating what the final product specs and yield will be. This is before we even consider loss and dilution due to mining.

    Aquarius and Leo seams (Burngrove Formation) while poor quality i.e. quite a few stone bands is a little bit different/cleaner than the bottom half of the Fort Coopers (Fair Hill Formation).

    Gaz
 
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