ARV artemis resources limited

The table below presents a summary of major costs to restore the...

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    The table below presents a summary of major costs to restore the plant to operational readiness. This could be completed in less than six months from a go decision. The estimate is budgetary and within an accuracy of 30%:
    Table 1: Estimated costs to re-commission the Radio Hill Plant plus the addition of a gravity gold recovery circuit.

    Column 1 Column 2
    0 Item
    Cost A$
    1 Stage 1 Works
    2 Plant clean up and safety works
    250,000
    3 HV electrical works
    100,000
    4 Supervision, Engineering and Site overheads
    100,000
    5 Preliminaries
    100,000
    6 Sub Total
    550,000
    7 Stage 2 Refurbishment
    8 Electrical and Instrumentation
    1,800,000
    9 Control equipment
    100,000
    10 Mechanical items
    700,000
    11 Grinding mill refurbishment
    350,000
    12 Crusher refurbishment
    200,000
    13 Piping
    250,000
    14 Preliminaries and General
    450,000
    15 Engineering and Overheads
    200,000
    16 Sub Total
    4,050,000
    17 Total Refurbishment
    4,600,000
    18 Installation of gravity concentrator for gold
    650,000
    19 Total Upgrade and refurbishment
    5,250,000
 
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