Toll milling MOU with NFG..Q1 info Info documented in the Q1 / 24 Report of NFG
The plan is to have the MRE ( Maiden Resource Estimate ) commissioned by August 2024.
This might be necessary for mining if financing is required by NFG....which it isn't ...but nice to know when it might be available .
NFG hired a Chief Resource Development Officer ( CDO ) in 2022 to plan for QW mining, so it looks like he is on track with the MRE
It seems likely it was the CDO Who arranged NFG exclusive rights to the Pine Cove Mill just a few days after Maritine acquired the Point Rousse assets.
Almost certainly it was the CDO Who also commissioned the mettalurgucal study to make sure that QWN ore was compatible with the processing capability of the Pine Cove mill.........it fits perfectly according to our CEO
We also now know that the Seismics survey shows structures compatible with uphole drilling signatures as far down as 2.5 km.
Now, with the strong probability that shallow surface open pits can be mined and high graded, knowing that those resources will be easily and more than replaced by gold lodes deeper than 250 m, there is every reason for the CDO to advise commissioning of early mining of Keats..
There is of course the option to bulk sample One of the QW open pits.
These bulk samples are normally done as a early confirmation of MRE expected grades
Such bulk samples can be quite large..70,000 tons or more..and requires much less permiting.
I presume that the CDO has submitted all permits for QW fmining or bulk sampling but cannot confirm that.
So, that's where we stand as far as My research can find out about the status of the Tolling MOU.
Its mere formal signing will be a big bench mark for our share price..