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16/04/18
14:27
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Originally posted by tommopen
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I'm just trying to understand the press release from 12th April and tie it in with the corporate presentation. Am I correct in thinking the following steps are the plan in SA:
1) 4-6 months from now, two new higher grade pits (a. Main and South, and b. Kimberley West) will go in to production
2) In early 2019 we will get ''full mining rights'', which means that WWI can bring on as many pits it wishes
3) by 2021 there will be so many pits/deposits being mined WWI will be producing 100k ozs a year.
The large 3.26mil ozs deposit is not being touched in the above plan????? Instead work will be done on it to increase it and be JORC compliant and could be sold to a larger company?
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1. I don't think Kimberley west is higher grade but the other one is.
2. I believe so, or u/g operations
3. That's the plan. Assume UG mining would make up the bulk of the oz at full production
3.26m oz resource is the global resource. It's being mined now