The results confirm the potential for beneficiation steps to provide Toro with an opportunity to make transformational changes to the scale, design and cost of the processing circuit.
Paul Cmrlec, MD, commented: “The initial results from the surface drilling are beyond our expectations, and clearly demonstrate the potential for overcalls in the open pits, similar to those underground at Nicolsons to date.”
The Challenger gold mine resumed production and site operations during May 2016. Recently, strong headway was made towards reaching the mine’s previously provided aspirational production target of 50,000 ounces of gold per annum.
Identification of outcropping quartz containing visible gold is another indicator of the potential Aucu has to be a multi-million ounce gold deposit.
After receiving shareholder approval for the second tranche of the placement, Cardinal remains on track to deliver a maiden JORC Exploration Target this quarter.
Cassini has partnered with OZ Minerals to fast-track West Musgrave.
Find out more from Richard Bevan, MD, at Proactive's Spotlight CEO Sessions in Melbourne and Sydney in August 2016.
Recent rock chip sampling assays of 6.74% lithium and 6.97% lithium continue to show the potential of LRS’s exploration ground.
With drilling to recommence in early September, two test work programs underway and an upcoming aerial electromagnetic survey planned, Hexagon is positioned well for future news flow.
PWN said that the key outcome of this strong investor support has been the decision by its board and management to accelerate work on its PFS on the flagship Dinner Hill phosphate project northeast of Perth in Western Australia.
The drilling program at Authier will both progress the development of the project by aiding the completion of the pre-feasibility study; and leverage Sayona to exploration upside.
Carnarvon noted that well results to date are similar in nature to those observed when drilling the same formations in the Roc-1 well.
This FY16 result sees a point of inflexion for Paladin as it turns cash flow positive by continuing to deliver on its strategy of maximising operating cash flows.