Ann: Bendigo Assets Option Replaced With Right of, page-8

re: Ann: CYL: Bendigo Assets Option Replaced ... Hi Ricm

The plant at Kangaroo flat was built to provide sufficient capacity to process @600k oz of gold per annum. It should have been built to accommodate @100k.

The reason for this ambitious build was because the then company geologist had come up with a 'new' way of determining resources. This theory was debunked and the rest is history.

In any case, I think some of the vehicles were transferred to Henty but they already had the processing plant up and running so there would not have been an analysis of what could be re-cycled.

The new project is a 'start-up' so the re-cycling of the plant might come into play now.

That said, who knows what will be the outcome of the analysis. Just hope it is finished / presented at the AGM.

Cheers