re: Ann: Kagara finalises preparations for th...
Hi Col, This text has been cut and pasted from the last KZL quarterly report,it would appear that the wet season care and maintenance is a part of the administration plan.
OVERVIEW While remaining on care and maintenance for the Quarter, two additional scopes of work were included in site activities: ? In connection with the sale of remaining concentrates stockpiled at site at the time of appointment of the Administrators and realising value from the remaining broken ore stocks, the Administrators approved a limited processing campaign to treat the remaining broken ore stocks located at Mt Garnet, Mungana and Balcooma. The Mt Garnet processing plant was restarted in late August to undertake this processing, which is expected to take approximately twelve (12) weeks. ? As part of the care and maintenance plan and preparations for the 2012 wet season, mining was recommenced at Baal Gammon for an eight (8) week campaign to deepen the Stage 1 Pit to ensure sufficient water storage capacity. The mining fleet was mobilised to site in late September and mining commenced on 25 September. The remaining care and maintenance activities continued to focus predominantly on preparatory works for the coming wet season.
KZL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held