"The grant of the ML would enable the company to commence high-grade (low strip ratio) open cut mining operations at Agate Creek. Utilising an existing processing plant will significantly reduce the capital expenditure and time to first gold production. The start of mining and processing will be able to commence shortly after grant of the Mining Lease subject to any wet season constraints. Several processing options are available and given the simple shallow open cut nature of the orebody, only minor further mine planning and infrastructure is required prior to the start of mining."
Cheers,
LNY Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
