This resource will have a low operational and capital cost: outcropping resources, soft ore, and, most importantly, access to existing infrastructure will allow Royal to exploit this deposit cheaply and early said Managing Director, Mr Marcus Flis. This is a remarkable result for Royal commented Mr Philip Crabb, Royals Chairman. To go from nothing to a maiden resource in four months of first phase drilling is a testament to the hard work and diligence of Royals field team. The Razorback Ridge Deposit offers Royal an excellent platform for mining and beneficiation operations. Our team has delivered the maiden Inferred Resource ahead of the initial timetable we set ourselves and we will continue to fast track this opportunity. The co-operation and assistance of South Australian Departments in this campaign are also acknowledged.
JMB
MFE Price at posting:
30.0¢ Sentiment: LT Buy Disclosure: Held