Some highlights from the webcast regarding ramp-up:
“higher grade ore is now being fed into the mill as they get deeper and through the zones of variability at the tops of the ore bodies”
“All 3 pits are now providing ore for the operation and sustainable feed into the mill”
“100,000 ounces run-rate as of next quarter”
“Grade is starting to improve now that the reliance on the lower grade stockpiles has been diminished”
“[The] June quarter was really only a little bit of May and June. And that was commissioning on lower grade material. And no big surprises on the grade there.”
Regarding Tanqueray:
"That’s the first drill hole, so it’s very early days. I’m not sure of the geometry or the orientation of that mineralization yet. But clearly a very good target that we will be following up on when time permits.”
“To say, Tanqueray was a surprise is a bit of an understatement. It’s not very often that you get to quote kilos per tonne for drill intersections. A nice problem to have.”
Regarding processing:
"processing plant is running above nameplate capacity already"
“Recoveries have been very good all the way across”
GCY Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
