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Yes.... a producing plant more than 10 years in the making..... at least it is MMP and XTR that finally benefit from this in the end... now the plant is up and running the opportunity is there to exploit what is available within the permit..... instead of just talking about it.
" now the plant is up and running the opportunity is there to exploit what is available within the permit."
Agreed.
Lets just hope we do focus on doing that. We have the 50/50 agreement with MMP to do so.
CB is fond of using the expression "If you want to find Elephants then look for where they have been found before "
So I hope he does that as Ed Slowey our resident Geo has said there is Gold everywhere at manica but its different mineralisation: , oxide, transition and sulphide.
May be a better use some of the FB income to add sulphide plant on and do more exploration at manica than the looking for copper in remote areas of Africa.
That hasnt worked out too well so far...
>>Drilling at opposite ends of the shear, based on similar geological structural signatures, returned similar results, suggesting sound continuity along the shear.
Do we know if this shear was extensively drilled back then to confirm continuity or even to add to the ore reserves?
Is a very fertile region, and already having a good geological understanding is what gives the partners the confidence to add the sulphide plant extension. There is potentially a lot more to come from Manica now the initial plant is running.
POC above $9500 on LME
Big tail winds coming after Chinas fully reopen later in year? Could well be above 10K soon and nearer 11k by end of year.?
SP doesn't care it seems
Fundamentals and SP have been de coupled for some time here.
Probably stay that way until release of Financial model or FB income released when at full production.
>>Big tail winds coming after Chinas fully reopen later in year? Could well be above 10K soon and nearer 11k by end of year.?
Agree with that tail wind Andrew
China had reported better than expected growth from last quarter of ‘22 adding to expectations of higher industrial demand. Will really kick start that recovery back to and beyond all time high.
Just looking back through Manica previous owners Auroch minerals news releases which confirmed on 5th july ‘13, there was significant continuation of gold mineralisation and multiple exploration targets which had 33 reconnaissance or scouting drill holes extend a couple of km across the shear from Guy Fawkes easterly toward Boa.
Results then justified an infill programme at GF, FB and Dots luck toward the DFS which all assays were returned by end of 2013. Into feb 2014 saw an environmental impact assessment delivered. Then the updated MRE the following month along with Metallurgy test results and scoping study.
Also in the busy month of March 2014 Priority exploration targets released which is of some interest (not drilled)
https://www.asx.com.au/asxpdf/20140327/pdf/42nn0zyvdqk3wv.pdf
Plenty of house keeping followed until the release of preliminary economic assessment on 11/06/15
https://www.asx.com.au/asxpdf/20150611/pdf/42z42n48gywmpr.pdf
Very soon after, the announcement of sale to Xtract under 3 weeks later 30/06/15
https://www.asx.com.au/asxpdf/20150630/pdf/42zhn3z6kyt93v.pdf
When it happens it can certainly be quick!
Another older report that contains a slide for the cross=section and some drill results for guyfawkes ,and dots luck .Again i had not seen these before and confirm my optimism for the project. .https://www.breakawaydigger.com/Article%20Digger%20April%202014/April%20Article%2014%202014.pdf
Dots Luck is really interesting, being central and in proximity to a major fault line and 3 major shear zones.