ERL 0.00% 0.3¢ empire resources limited

Mining, page-166

  1. 1,529 Posts.
    agreed..been topping up at . 19 and .2 quite a few positives..august should be interesting .



    1. Stockpiled ready for haulage to the toll treatment plant.

    2. Very little drill and blast being required to date. This, along with
    the use of short haul temporary pit ramps, has had a positive impact on costs.

    3. The shorter haul meant less fuel consumption per bcm moved, while drill and blast costs were also down 17% compared to budget. At the end of quarter

    4. Kalgoorlie-based Hampton Transport Services is scheduled to begin haulage of ore to the
    Burbanks Mill near the town of Coolgardie in late July.

    5. Processing of Penny’s Find ore at Burbanks will commence in August.

    6. For every $100 increase in the price of gold above A$1,500, the open pit would generate an additional $2 million free cashflow.

 
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