RE:RE:Cmon crowI reviewed the ammended report to see where the changes/ammendments were.
PG 297 of The August 10th report: "
A line diagram of the main substation and feeders is shown on drawing 0000-E-0101 inAppendix II." was removed.
PG 370 (the following was removed)
A Blue Sky Scenario has been developed to better reflect the Property’s exploration
potential. Wallbridge’s exploration work at the Project has shown that mineralization is
still open at depth and laterally for the Tabasco-Cayenne and Area 51 zones. There is
also potential to add a satellite zone within 1 km of the current resources. The potential
to grow satellite zones, such as the Ripley Zone, which is not in the current PEA LOM,
is also present.
The Blue Sky Scenario is based on the current LOM presented in this PEA. Three years
of average production in terms of tonnage and grade has been added after year 5 (Blue
Sky Scenario Years 6, 7 and 8) to extend the LOM to 15.3 years from 12.3 years. The
production shaft is in place for the Blue Sky Scenario. No expansion of open pit mining
is considered in the Blue Sky Scenario.
Adding 3 average years of production increases the total production tonnage to 38.4 Mt
(+24.5%) and the recovered ounces to 3.24 Moz (+24.4%).
For the Capex costs, adding 3 years of production has no effect on major surface
infrastructure, such as the power line, access road, camp, mill, mine site building, paste
plant, main surface ventilation system and water treatment system. Therefore, for these
items, no new Capex costs were considered.
For Sustaining Capex, the average cost from years 1 to 11 was added for underground
development, mine Capex (pumping system, secondary ventilation, electrical
distribution, CRF network and refuge), the paste distribution network and TSF. For
mining equipment, 11% of the total cost of the UG equipment was added to support fleet
renewal of the fleet. The total Sustaining Capex is at $663.2 M for the Blue Sky Scenario,
an increase of 12.6% from the original PEA. The same contingency has been applied.
For the Opex cost, the average unit cost of years 1 to 11 was used for UG development,
underground mining, services, G&A, milling, water treatment and tailings. Underground
development is equivalent to 4 active teams, and support services were added
accordingly.
Globally, the Blue Sky Scenario generates an after-tax NPV (5%) of $918.3 M (+24.9%)
and an IRR of 18.4%.
Table 24.1 outlines the Blue Sky schedule - WAS ALSO REMOVED
REMOVED APPENDIX II – LINE DIAGRAM OF THE MAIN SUBSTATION AND FEEDERS
REMOVED APPENDIX III – MATERIAL HANDLING FLOWSHEET
REMOVED All 36 pages of the Preliminary Economic Assessment
** I am not sure why this was removed from the document, as the press release claims "there are no differences with respect to the mineral resource estimates, the preliminary economic assessment (“PEA”) or the conclusions contained in the August Report."
Perhaps that it wasn;t included in the amended NI 43-101 report.
The reason I read through the report was to ensure nothing significant was deleted. It appears ot be a non-issue (from my limited knowledge)