Bells hosts 420,000oz and Rex believes it can be permitted via...

Bells hosts 420,000oz and Rex believes it can be permitted via an environmental assessment in six months rather than a year that an environmental impact assessment process would take. "We commenced the long lead time items for the Bells permitting, such as the baseline studies. IN mid-2021 we aim to submit the EA and then it would be 18-24 months for construction. We are looking to get fully permitted and make a production decision within 18 months at Bells. The goal is to start cash flowing from that and then advance a larger scale project at Krista," Laufmann said.

Cash flow from Bells would fund the development of an 80,000oz/y operation at Krista.

The company sees the makings of a larger system at Krista and has been adding to its land position in recent months. It plans to undertake more drilling and follow up on a lot of outcropping mineralisation.

"All the conditions are there for us to grow the resource and this could change our destiny," Laufmann said.

"We would like to get to 2Moz in resources in the next six months to present a 120,000oz/y production scenario within three years.

Interesting - where will gold and copper be in 2023