RE:RE:RE:RE:RE:RE:RE:RE:Statement of Personal NatureARGONAUTGOLD wrote: I’m excited to hear about the upcoming announcements related to the mill optimization at Magino. I believe this statement from the company’s Q2’23 presentation is relevant to the optimization plans for the plant. The infill drill results so far indicate an increase in tonnage and grade, which could increase the average grade processed during the first five years of operations from 1.3 grams per tonne to 1.43 grams per tonne. The throughput rates are expected to exceed the process plant’s nameplate capacity for two reasons. Firstly, EPC contracts, such as the one for the Magino Project, require the engineering firm to ensure throughput rates, often leading to a slight overdesign of process plants. Secondly, the potential addition of a pebble crusher to remove bottlenecks in the crushing circuit could result in increased throughput rates. A 15% improvement due to the overdesign of the process plant, along with a 15% increase in throughput from the addition of the pebble crusher, could increase throughput by as much as 30% over the current nameplate capacity of the process plant of 10,000 tonnes per day, reaching 13,000 tonnes per day. A process plant that operates at 13,000 tonnes per day, processing gold with an average grade of 1.43 grams per tonne and a 92% recovery rate, could produce 201,000 ounces of gold.
The company previously stated that expanding the plant size could reduce G&A unit costs, resulting in a larger pit and lower cutoff grades. This would result in an increase of potential plant feed.
as i see it that would be a plesant surprise ( i have no issues with the math ) but in my experience as this is a brand new plant and operation, just getting it to consistently produce at name plate production with optimization of recovery rates would be a real win in my book. i like the positivity but again with everything beeing new name plate would be a massive win.