Money could well be required, like all exploration company's, however there are options which could be explored;
- Product off-take agreement with payment upfront, this would pay for the balance of work at RH.
- JV with partner that has stranded asset, this would party fund the balance of work at RH.
- Sell non-core asset(s), this would pay for the balance of work at RH.
Ideally our JV partner has an oxide gold asset, thereby there will be no immediate requirement to install the flotation circuit at RH. Once cashed up from toll treatment, we could bolt-on the flotation circuit for Carlow Castle in 2020.
All IMO...
Money needed, page-7
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