GREY:RNKLF - Post by User
Post by
pierregon Apr 07, 2019 5:08pm
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Post# 29594174
Mill cost savings of $15 per ton, +35% on current costs
Mill cost savings of $15 per ton, +35% on current costs As per Higginsville Purchase Option Agreement Conference March 26th 2019, that I transcribed https://stockhouse.com/companies/bullboard?symbol=t.rnx&postid=29594005 Mill cost savings of $15 per ton, over 35% on our current processing costs:
Mark Selby: «Since this potential acquisition provides that milling solution to unlock this potential at Beta Hunt. Fundamentally, its about lower processing costs compared to our current toll milling arrangement. Those costs we believe are in the order of $15 per ton, over 35% on our current processing costs where were toll milling. Distance wise it is comparable to our toll milling costs over non incurring additional shipping costs to realize these cost savings benefits. As well, it takes our operations from a single mine operation in Western Australia into a multi-mine operation with a large land package anchored by a significant new mill. We’ve been fortunate that we’ve successfully toll milled our ore at Beta Hunt and we’re quite happy with recovery at over 94% and that’s comparable with the best performance that we’ve achieved at other tolling facilities that we’ve worked with in the area. »