July Roadmap

[Bottle Rocket - Liam]

Has now been updated by Zorros,
viewtopic.php?p=1657#p1657

One Quick Question Z.

"2. D.F.S. Decision to Bulk Mine (as a JV) by NCM / GGP.* [NCM loan of $50m ends @ DFS]

There is no decision to a mining method, - It is a straight Decision to mine or not, without it - We cannot mine.

It is part of the process MRE> PFS> FS >DTM as per Jorc 2012

"A Feasibility Study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of applicable Modifying Factors together with any other relevant operational factors and detailed financial analysis that are necessary to demonstrate at the time of reporting that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a Pre-Feasibility Study."

https://www.jorc.org/docs/JORC_code_2012.pdf

I would expect a bulk mine to emerge as part of "The Next Stage" where a second decline and the other components are not considered in the starter mine plan to start.

The FS will be for the starter mine only based on the PFS.

BR.

[zoros]

Semantics my dear boy.
A decision to Mine will be made between the JV partners...what type of mine....who cares?
I think I know where you are going with this however:
I understand that the BFS will cross the T's and dot the I's regarding the SLOS but from what I have picked up over these last couple of years, the BFS will also capture/infer future additional mining processes alongside the SLOS to cater for either the increased tonnage coming out of the SE Crescent (especially the Deeps) and or the E and N Breccias.

But I will remove that word 'Bulk' if it removes any ambiguity.
Thanks for the observation.
Z

[Bottle Rocket - Liam]

I care. If we are publishing data, it needs to be correct, and not just added because you or anyone else feel no one cares.

There has to be no ambiguity in the data we publish, and if it is, then it needs to be stated as such, please.

BR