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Ann: Great Western Drilling Update, page-5

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  1. 1,980 Posts.
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    Preliminary assays received require further work and interpretation to fully assess them, similar to what was done previously in 2011.

    Obviously a complex structure, however it seems there may be two options for this find:-

    (a) consider a small high grade open pit development
    (b) consider a larger lower grade pit development

    Since the initial discovery, overall mining costs have changed for the better with the gold price up, A$ down and development/toll costs possibly stable or lower suggesting this could result in better profitability.

    Additional work is being undertaken to fully understand the latest results which will take a further three weeks and to be followed up by crunching the numbers to assess the best way forward.

    Looks like more time is required to determine whether this is a goer.
 
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