Higginsville processing plant in Coolgardie was utilised for the production of just over 20,000oz of gold from Mandilla.
They are now looking at potentially 50,000oz from Feysville. They still don't have a processing plant and I think highly likely they will continue this toll arrangement.
At a much higher gold price and 2.5 times the amount of gold this will go a long way toward the development of the Cu/Zn project at Koongie Park. Especially with the Cu resource having now increased significantly and the expectation of higher Cu and Zn prices.
At current AUD gold price that should bring in around $52M (less mining and processing cost). That should do the trick for all the long sufffering holders ;)
By the time they actually mine, process and start selling the gold, the price may very well be a lot higher.
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