KZL 0.00% 12.0¢ kagara ltd

metal price bottomed up, page-10

  1. 2,178 Posts.
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    If below is what you refer to then im afraid its a long bow to draw, they are just getting rid of the remaining stockpiles, there is no mining going on. When the stocks are depleted the processing will stop again. the money will be sucked up into admin costs, you see.

    As you may be aware at appointment, all mining and
    exploration activities had been materially placed on
    care and maintenance operations. As part of
    developing and realising value for creditors the
    Administrators have approved a project to commence
    limited processing of the remaining broken ore stocks
    from Mungana, Balcooma and Baal Gammon mine
    sites. Processing the ore will produce saleable zinc,
    copper and lead concentrates over a period of
    approximately twelve (12) weeks.
    The project commenced on 21 August 2012 with
    people mobilising at the Mt Garnet site to start the
    concentrator on 22 August 2012. Ore haulage from
    Balcooma and Mungana sites will commence in the
    last week of August with processing of broken ore
    stocks continuing throughout October.
 
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