Egan Street aims to bring Rothsay into production over the next 12 months.
"By Q2 this year we'll have finalised the definitive feasibility study, and we are on track to be fully funded by Q3 - putting us in a position to start mining by the end of the year."
"Back in its heyday, the old timers had payable grades along six kilometres of the strike. EganStreet's high-grade resource sits on only one kilometre of known strike. There's so much to drill, potentially we could double or triple our ounces in the ground, it's really exciting."
"With Rothsay, we have the potential to build a portfolio of quality, high-grade, ore bodies, and develop EganStreet into a profitable mid-tier player."
EGA Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held