ERL 0.00% 0.3¢ empire resources limited

Ann: Dispute with Eastern Goldfields Milling Services Pty Ltd, page-9

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  1. 5,305 Posts.
    lightbulb Created with Sketch. 459
    And for those interested in making a bet on outcome, here, for the record, is the other side of the story:


    https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4wm7yBD1v/ph7bFiGug=

    “ MXR maintains that all gold recovered during the Empire Toll milling campaign has been accounted for in accordance with contractual requirements;
     Maximus has consulted with a senior Metallurgical industry specialist on the Empire claim to additional gold from the milling campaign;
     Maximus considers the Empire claim to additional gold is without merit and shall continue to defend its position accordingly.

    ....
    “EGMS has consulted with a senior Metallurgical industry specialist in relation to the Empire claim for additional gold from the Penny’s Find project Toll milling campaign completed between October and December 2017. Based on the information available, including consultation with the independent expert Metallurgist, EGMS maintains that the Empire claim for additional gold from the Toll milling campaign lacks merit.
    The Gold in Circuit (GIC) calculation was undertaken at the completion of the Toll milling campaign and both Empire and EGMS have signed off on the contained gold owed to Empire. All gold recovered from ore supplied by Empire in the Toll milling campaign, to which Empire is entitled under the toll milling agreement has been accounted for in accordance with contractual requirements. Despite this, Empire continues to claim a significant amount of gold remains unaccounted for and seemingly seeks to look behind the agreed contractual process.
    There is a further outstanding matter, being the reconciled tonnes milled following calibration of the feed conveyor into the mill by an independent contractor. Clarification has now been obtained from the independent contractor, and the final reconciled tonnes milled under the Toll milling agreement can now be finalised. EGMS does not consider the outcome of this issue to be material under the Empire dispute......”
    Last edited by sabine: 25/06/18
 
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