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clock Created with Sketch. 19/09/17
13:26
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Originally posted by Pbnewby
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It was from the update dated 7/6/2016: Central Tanami Project Drilling Update Tanami Gold Limited (ASX: TAM) (“Tanami” or the “Company”) is pleased to announce the following significant results from the final stage of Drilling at the Groundrush Deposit, at the Central Tanami Project in its JV with Northern Star Resources (ASX:NST). Drilling of 118 holes with over 27,000 metres of Diamond Drilling and 11,000 metres of RC Drilling has been completed. Geological interpretation and resource modelling is currently underway with an updated resource expected to be completed in July 2016.......in which Northern Star Resources can earn a 60% interest by bringing the project into commercial production by 2018. MORE SOLID RESULTS FROM CENTRAL TANAMI INFILL DRILLING PROGRAM ...The drilling is aimed at establishing Northern Star’s confidence in the Central Tanami Project in the lead-up to a decision to commence refurbishing the Project’s processing plant and start production in the 2018 financial year... The drilling is aimed at establishing Northern Star’s confidence in the Central Tanami Project in the lead-up to a decision to commence refurbishing the Project’s processing plant and start production in the 2018 financial year .Northern Star has earmarked Central Tanami as one of the sources of organic growth which will lift the Company’s production to 700,000ozpa by FY18. With the joint venture agreement now settled, Northern Star will proceed with its strategy to bring the Central Tanami Project back into production in 2017. The Central Tanami Project is part of an ongoing JV with Northern Star Resources (Tanami Gold NL 75%; Northern Star Resources 25%) in which Northern Star Resources can earn a 60% interest by bringing the project into commercial production by 2018.
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yes thanks as i said i have no doubt it is in there somewhere. sorry blogging is a poor form of communication. likewise without seeing the actual documents it is hard to foresee all of the ifs and buts hidden in there. common is force majeur and delay rights.
