"The gold processing plant is now fully operational with the gravity and leach circuits working and processing ore on a 4 days per week basis as planned."
Also CGT has ramped up to the necessary double shift:
"A notable logistical achievement in the quarter was the use of sound mitigating equipment to successfully drill on a double shift / 24 hour basis".
I note that this is a very high capacity plant so even working it at only 4 days per week suggests a high volume of ore being processed. With 3 higher grade ore sources now being mined ..... and (I guess) being processed though the mill with the lower grade heaps, the question goes to how many dore bars they need to pour to cover costs.
The report suggests that the ore bodies are largely conforming to basic expectations. Addition of the Sulieman-Basking Fault Zone and Bobby Dazzler means that the miners will remain busy .... which means ore producing ore for processing.
I get the stong impression that a Chewton // Wattle Gully compulsion to mine remains firmly on the table but martket focus will be on Ballarat for the moment.
cheers
CGT Price at posting:
38.0¢ Sentiment: None Disclosure: Held
