I probably not the best person to answer this, but from my...

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Crazy-Trader

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09/04/18

12:10

Post #: 32316142
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Originally posted by 2Luke ↑

I am currently taking a look at the above company (ASX:IRC), but even after years of investing my technical knowledge is still very lacking, so hopefully I can get some guidance here.

The page above states:

Similar to large deposits in the region (Superpit and Kanowna Belle) primary mineralisation at depth has a semi-refractory component whereby some primary gold mineralisation is occluded within sulphides including arsenopyrite and may require pre-treatment such as roasting or fine grinding to improve overall recovery by standard cyanidation processing. Metallurgical work conducted by Intermin to date indicates primary mineralisation is amenable to either of the above methods suggesting strong potential to process nearby if sufficient mineralisation can be defined.

Underlines my own. As a non-expert, all of this sounds innocuous enough, but that still sounds potentially very bad. Or am I reading it wrong?

In practical terms, does this mean simply that the unit cost of gold production may simply go up assuming they discover sufficient ounces? Or could it mean that the entire project could end up being a non-starter at all? Or there is simply insufficient information now to arrive at any kind of conclusion?

Thank you.

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I probably not the best person to answer this, but from my understanding it just means that only certain mills can process the ore.

Within close proximity Kanowna Belle, and KCGM can potentially process the ore.

POS (ASX listed) were about to embark on a JV with AQQ (now merged with SPI) and NST at one point to convert their disused Black Swan mill to a gold processing mill. AQQ deposit mineralisation was also semi-refactory.

IRC Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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I probably not the best person to answer this, but from my...

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