Ann: Quarterly Report March 2015, page-19

"Have they indicated the costs of mine works required to get to the point that they can hoist 2,500-2,700 tonnes per day so that they can feed the 2,500 tpd mill and the timeframe for this development?"

Reading the quarterly report suggests that they now have mine shaft hauling capacity for 2,400 tpd, and that once they have completed the planned $10m service shaft another 300tpd hauling capacity will become available in about 18 months time, they should be able to get enough ore to meet the mill's capacity.

They will need to ensure that their mining operations are meeting their targets for that to happen.  In order to increase the average grade of the feed to the mill they will need to blend their lower grade ore from the higher levels with higher grade ore from lower levels - if I understood the video from last November - thereby achieving the average of 7.2 g/t of the reserve.

Otherwise they will get a lot less and higher cost production when when mining the upper levels relative to what they achieve when mining the deeper levels.

Manyana



loki (well at least the that is how it seems to me)