Plus, Tawana set for re-rate on imminent lithium production
What do you do if you’re within seven weeks or so of producing your first gold from a shiny new 200,000 ounce-a-year treatment plant to be fed by both underground and open-cut mines where you’ve proved up an initial 1.2m ounce mining reserve?
You go out a find a third potential source by making a significant discovery that sits between the two mines, less than 10km from the treatment plant.
And when the new discovery raises the likelihood of being able to run softer oxide material through your new plant to boost gold production in its early years, all the better.
Gold resumed its leadership role in commodity and currency circles this week thanks to the intervention of three old men, two speaking with overdue clarity and one continuing to behave like a bull in a china shop.
Great Boulder Resources’ wildcat Mount Venn copper-nickel-cobalt discovery in the Laverton region continues to look promising, with the latest drilling from last year intersecting 52m of mineralisation in four lenses from juts 12m downhole, the shallowest defined to date in limited drilling (reports MiningNews).