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Evolve Canadian Aggregate Bond Enhanced Yld Fd ETF V.AGG


Primary Symbol: T.AGG



TSX:AGG - Post by User

Comment by Wolfofnoobston Aug 31, 2021 6:12pm
92 Views
Post# 33792231

RE:RE:RE:Updated DFS

RE:RE:RE:Updated DFSHey ABDPhil,

The latest OFFICIAL word was the July 14, 2021 PR which stated: the update was being prepared for release in Q3 2021, and the update is to include the following (see below).

With that said, Callow had an interview with The Wall Street ANALYZER July 19, 2021, where he say's (talking about the DFS update): 

1) So we’ll drop out an updated definitive feasibility study by the end of August of this year. 
2) So that’s all going to happen in the next month-and-a-half, two months, and then obviously post that we have an opportunity to put the drills back in the ground again hopefully, and to continue to look to grow the resource.  


I'm anticipating early/mid September.

Definitive Feasibility Update

The Company is well underway to deliver an updated Definitive Feasibility Study in Q3-2021. The comprehensive update will target two key areas, namely inclusion of more than 7,000 m from the most recent drilling programme (see press release as of February 2, 2021) and inclusion of additional sulphides from the most recent metallurgical testwork into the resource and reserves.

Progress to date includes the following:

  • Completion of a full suite metallurgical testwork on sulphide ore based upon multiple samples shipped from the site.
  • Preparation and assay of more than 7,000 m of exploration drilling, predominantly focusing on Phase 4 infill drilling results (conversion of high grade inferred resources into measured and indicated category).
  • Update of mineral resource and reserve estimates (in progress).
  • Update of mine optimization, economic indicators, mine scheduling and waste dump designs based on revised life of mine plan.
  • Comminution modelling based upon sulphide testwork.
  • Process plant review and design update to treat oxides and sulphides, including but not limited to:
    • Update of layouts, PFD’s and P&ID’s
    • Update of Mechanical Equipment List (MEL)
    • Update of single line diagrams and electrical loads
    • Preparation of RFQ’s for additional equipment packages
    • Update of SMPP designs and RFQs
    • Full peer review and update on earthworks and civil engineering designs
  • Tailings Storage Facility design update to incorporate additional volume based on envisaged higher tonnages, addition of sulphides and potential for higher throughput.
  • Testwork on samples for TSF (testwork underway).
  • Full CAPEX and OPEX update based upon updated SMPP and MEL and future timing of sulphide circuit as well as latest 2021 pricing.
  • Updated economic model based upon updated economic indicators, consensus and latest production information.
  • Receipt of multiple samples required for ESIA update, which includes but is not limited to:
    • Decommissioning and closure plan
    • Groundwater review
    • Geotechnical testwork
    • Air Quality and Noise Impact Assessment
    • Blasting and Vibration assessment
    • Biodiversity assessment
    • Emergency Preparedness and Response plan
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