From the update on the 19th of December last year.
Upon finalisation of the MOP the Company intends to commence mining an initial parcel of 50,000 tonnesof ore and waste ahead of the remaining 360,000 tonnes of material. The key benefits of the rescheduledprogram include the capacity to generate accelerated results for the resource reconciliation (to assess thepotential grade upside) and the deferral of the more significant capital costs associated with theconstruction of the TSF and pilot plant to be better aligned with anticipated cash flow from Granville. Aswith much of eastern Australia, the project area has experienced drought conditions and the rescheduledprogram will also reduce the initial water demand to within the Company’s existing water use rights. Whilstthe rescheduled program will defer the production of tin concentrate at Taronga, the opportunity toundertake pre‐concentration at Taronga and concentrate dressing at Granville will be investigated.
ANW Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
