KRM 11.8% 3.8¢ kingsrose mining limited

Re post fitment of SAG Mill:-The target production of plant in...

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    Re post fitment of SAG Mill:-

    The target production of plant in full production
    was 140,000/year or 384 tons/day.

    Production to end of March:

    Dec Qtr........14,077 tons (153 tons/day)
    Mar Qtr........16,785 tons (186.5 tons/day)

    Fitment of SAG mill should increase throughput to
    140,000 tons/year 384 tons/day.

    Even if we assume a conservative 350 tons/day
    throughput & if ore grades are similar to Mar Qtrs
    then the annualised forward production based on Mar Qtr
    grades annualised result should be :-

    Gold...........78,426 ozs/PA (forecast 45,000 ozs)
    Silver.........929,135 ozs/PA (forecast 750,000 ozs)

    This would be an increase of 74% in gold & 24% silver. .

    Of cource this assumes that ore grades over the next year will be similar to the March Qtr.(The plant has been running at half capacity due to SAG mill not being in circuit & KRM has probably picked high grade ore to compensate.)

    Once SAG mill is installed & proven then KRM will likely
    upgrade production stats & revise forecasts..


    Moorookamick
 
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