Murchsion???
As I understand it, they want to use the boreholes to expand the resource to Murchsion.
There is a 260,000 tonne plant that has been operational for years because it has been overhauled....According to the previous owner, an additional 500,000 tonne plant is to be built in order to be able to process the low ore profitably. The CEO once put the cost at USD 15 million....
Has anyone found out what work has already been done on the project?
I only know that the plant has been overhauled and they are now drilling.....
so an update would be important
It was once estimated in 2015 that "Monument Mining Ltd's shares have huge upside potential from the planned mid-2016 start of gold production at the Murchison gold project in Western Australia, which Monument Mining Ltd acquired in 2014 for AUD 15 million in cash.
The Murchison Gold Project already has a production facility that only needs to be optimised. CEO Robert Baldock expects total investment costs of USD 15 million until the start of gold production. This also includes the processing of low-grade gold ore via heap leaching.