C7A 0.00% 1.4¢ clara resources australia ltd

Strategic Review, page-2

  1. 15,020 Posts.
    lightbulb Created with Sketch. 2575
    they ann'd it a while back... its already out and recieved an amazing response....not

    Results of strategic review on the Granville Tin Mine include:
    i. Operation to be placed on temporary care & maintenance until suitable mine fleet is available and additional equipment is installed at the plant; and
    ii. Pre‐concentration prior to the mill provides near‐term opportunity to expand production above the existing target; and
    iii. Exploration to extend the current mineral inventory and mine life will be accelerated.

     The resumption of operations, possible expansion and exploration will be contingent on appropriate funding being secured, which the Company is currently pursuing.

    Basically, they need money to do anything, so i expect the next ann will be the DGR loan or a much worse ann that may indicate the coffers are as dry as taronga's water supply.
 
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