The "Tailings Storage Facility" drilling is a part of the AVZ plant (below highlighted yellow, ref:Annual Presentation). They're doing drilling and sampling to ensure the area has sufficient load bearing strength to support the tailings pond/dam. It's pretty standard prepratatory work that's required when building. Nothing to do with Mt. Tantalex.
Also, below from the operational update on 09/10/2020: Tailings Storage Facility (TSF) Update A technical decision has been made to optimise the storage of future mine tailings by placing them inside the waste rock dump to the west of the Roche Dure open pit (Figure 3). The advantages of this design, which is commonly adopted in Australia and known as an Integrated Waste Landform (IWL) are several but include minimising land disturbance by storing the tailings inside a rock barrier, increased stability of the overall TSF, substantial savings on dam wall construction and ease of future rehabilitation. Five locations within the IWL footprint have been selected for geotechnical drilling to be conducted, to examine the underlying soil and rock properties of the proposed site (Figure 3) and these investigative drillholes will be completed as part of the overall plant site geotechnical investigation to be completed in the next few weeks. Samples from these boreholes will be sent to the specialist lab in South Africa for testing.
AVZ Price at posting:
21.8¢ Sentiment: Hold Disclosure: Held
