SPR spartan resources limited

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look at BGL cost which is more recent than RED. BGL plant is...

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calmbeforestorm

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03/06/24

21:52

Post #: 74145804
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Originally posted by sabine: ↑

FWIW a bit more on the plant/mill — seeing as I was looking …. and the links may be relevant at sometime in the future to someone out there?

Back in May 2017 at the Sydney Resources Roundup the mill was planned to be capable of processing three million tons a year:
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC4Q66wRiZp/Rgke92GA==
View attachment 6221346
(I left in the image of the ‘executive-sized rooms in the second hand accomodation although these days with Chris Ellison sticking couples’ cabanas and multiple cafes into his remote accomodations I am not sure if they still merit the ‘executive’ moniker.)

In July 2017 GR Engeering commenced work under a $$66.5m EPC contract (https://www.gres.com.au/news/articl...nto-dalgaranga-gold-project-epc-contract.aspx)

and in January 2018 @speculator101 kindly summed up the spend on infrastructure to that date thusly: [ref]
… “$52m having been spent on the project so far (staff accom, plant, airstrip, tailings dam etc etc etc).
A further $25m will be spent this quarter, which brings the total to $77m,
with a final $21m to be spent in the June quarter
(totalling $98m, increased from the original total, because of the fixed cost of plant, airstrip and outright purchase of employee accom)….”

And I guess that is fairly cheap by today’s costs ?
(Eg The Kalgoorlie Miner reported on December 9, 2021 [ref]
“Red 5 remains on schedule and on budget for first gold at its $226 million development of a standalone processing plant at its flagship King of The Hills mine near Leonora in the first half of next year.”

Is that plant bigger than ours?

Anyway according to Mining Journal by May 2018 the plant was operating over capacity at 450 tonnes per hour and more, while the crusher and SAG Mill availability had been as high as 98%.

spoiler: a trip down Memory Lane to workings in 2018

cheers

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look at BGL cost which is more recent than RED. BGL plant is only 1mtpa

Last edited by calmbeforestorm: 03/06/24

SPR Price at posting: 73.0¢ Sentiment: Buy Disclosure: Held
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