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28.5¢ egan street resources limited

Ann: Outstanding Results from Ore Sorting Testwork at Rothsay, page-9

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Barolobill

7,325 Posts.

120

09/01/18

12:32

Post #: 30157310
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Originally posted by Davisite ↑

EGA certainly is a backwater, but the real value is long terms so I am happy to hold and get the 50% CGT discount

The nice thing about the ore sorters is you can just add more if you need. They really are a game change for resources like Rothsay that are high grade, but narrow since you can avoid the ore dilution that comes with chasing a narrow vein.

An interesting question that was sort of hinted at in this announcement is can the old tailings at Rothsay be put through the sorter. I have seen this done with other tailings and I suspect that there is a fair amount of gold sitting around on the surface at Rothsay that might be easily accessible now. This would really get the AISC down and speed up production.

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34% increase in production rates with the same small/cheap 200kt plant. This has fantastic implications for keeping the CAPEX low and production high. Well done guys, great use of innovative mining technology.

EGA Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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