Interesting to read the Catalyst announcement of 13/12/2016.
Lots of detail about the JV with Rinehart but almost no mention of Tandarra.
Cyl have to spend another $2.2m by Sept 2018 to keep their interest in the Tandarra JV with NML. With the limited winter access to the country side due to cropping, this means they have this summer and next summer to complete the works. Add to this that Tandarra is the shallowest area in the Whitelaw belt and has some of the most prospective areas. CYL stated in their 2016 annual report that it was shaping up as a potential open cut gold mine so they are unlikely to want to hand the ground back. Can't help but wonder what is happening? Is there an alternative game plan in play?
Interesting to read the Catalyst announcement of 13/12/2016....
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