American Bonanza Gold Corp ABGFF

BZA Vancouver Conference Summary

[dr_airtime]

BZA – American Bonanza Vancouver Conference Summary

Source: James Bagwell (Director and their pseudo IR contact). He owns options as part of this compensation so you have to take what he says with grain of salt of course.

- Mill commissioned and ran for 8-12hrs/day last week processing mined ore. Testing completed. Boo Yah!

- 10,000 tonnes of Ore stockpiled

- This week to process at 320 tpd. Can’t remember what their ultimate steady state is per feasibility, but thoughts are this is close.

- They started pouring concrete for some structure – it might be their dore plant if I remember, but can't read my handwritten notes. If I remember, I think their ore is very free-milling and they don’t need fancy CIL-ADR or Merryl Crowe so this is just a smelting plant – hence the low cash costs in their feasibility? Would appreciate a reminder...

- All warrants expire in June and this could add 4-5M if exercised.

- Q2 could be first quarter of commercial production reported if things go smoothly in Feb-March with operations.

- James said that the concentration of gold in the tailings pond thus far is only .7% so perhaps they are getting 99.3% recovery. (Grain of Salt)

- James strongly hinted that the feasibility grade (~10.5 g/t) is coming out higher and this will also be updated in the PR to come very shortly. (Grain of Salt)

[Smiles48]

Thanks for the update, really apreciate it. Cheers.

[newb99]

Thank you for the update look forward for the NR   All the best newb99

[behindblueeyes]

thanks DR   The only question I have is that Jimmy is giving a whole bunch of info that certainly is a material change from where we were in November should we not have had a NR regarding these very things already   ??????

[dr_airtime]

I would expect a NR next week with minimal details that mill commissioning is complete. No reason to rush. All BZA has to do is deliver as planned now. It would be at least a month before I would expect any initial production, grade, or recovery results