Sagres Energy Inc V.SGI

"Mining in Extreme Squeezing Conditions at the Henty Mine"

[PulpCutter]

Henty is (imo) WAY more problematic than Catalyst had been suggesting. TWO stope failures in Q1 2023, and a fatality in 2020. Read "dangerous/expensive to mine". This goes directly the competence (or lack thereof) of Catalyst managment. Merge with these clowns? NOT A CHANCE.

"Squeezing conditions in hard rock underground mines with defined foliation/schistosity/bedding fabric are becoming more common as mines develop deeper. Often mines are finding themselves in squeezing ground without having planned to deal with these challenging conditions and can make time consuming, costly and hazardous mining decisions to keep ore drives serviceable. An understanding of what is occurring around the underground opening is critical and implementing practical yet proven ground support strategies is essential. The Henty Gold Mine, located in western Tasmania, Australia has recent mining experience in extreme hard rock squeezing conditions. Examples of monitoring data collected at Henty Mine to manage and control squeezing ground conditions are presented. A mining drive closure classification more suited to extreme closure has been produced. The ground support methods are described and the design process used to justify the ground support methods using advanced numerical modelling techniques are discussed."

https://www.researchgate.net/publication/308196376_Mining_in_extreme_squeezing_conditions_at_the_Henty_mine

[PulpCutter]

Hat tip to @Petersburg, for doing the RESEARCH AND DUE DILIGENCE to find this.   That's how you make money investing - do the work to understand the business.  Catalyst IMO seems to feel that hype and pumping are the keys to business success.  NO thank you.