RE:IIF Presentation - All Good NewsA few more points. . .
1. Mine will end up around $6M overbudget (approx. 3%)
2. In talks with EU for the to provide subsidies and soft loans for L4 development at Pana
3. All debt is in friendly hands - "we never exposed ourselves to desperate loans"
4. Moly deposit in discussion for offtake, then confirmation drilling for 10 - 12 years proven & probable
5. USGS visit was at the request of the US governament to better understand the project
6. The 2 pilot plants have created a "locked in" process - no surprises when mining starts
7. The S. Korean Govt have publically supported the project now so Almonty can share a lot more
8. Mining activities currently under way
9. Waste from the nine is the same grade as Los Santos - No baren areas
10. Waste will be utilized to yeald income
11. Downstream - Scoping study under way, basic engeneering by end of this year financing talks in January
12. Movie going up soon on the website regarding Pana
13. Soft commissioning on grinding circuit about to start
14. Latest at end of Q1 2025
15. Commissioning and construction happening simultaneously