1. No gold this year:
"The initial phase of work will primarily involve the removal of overburden from the test-pit area in readiness for the planned extraction of 100,000 tonnes of ore from the testpit during the second phase of the campaign in 2019."
2. Resources are in depths up to 665 meters
The Mineral Resource for the project, inclusive of Ore Reserves, totals 10,632,000 tonnes grading 3.0 g/t gold for 1,019,000 ounces and remains unchanged since 31 December 2016 (Appendix 1). It is defined over a strike length of 1,295 metres and includes a 665 metre vertical extent from 485mRL to -180mRL. It remains open along strike and at depth.
The Proved and Probable Ore Reserves for Fäboliden is 1,160 kt grading 3.1 g/t gold for 115 kozs and remains unchanged since 31 December 2016 (Appendix 2). The Ore Reserves form part of an update to a Pre-Feasibility level study into the development of the project and is based on the establishment of a multiple open-pit mining operation.
3. Full environmental permit would be needed for a full mining operation. Application was filed in July.
