Managing Director, Tracey Lake offers an update on gold and tin mining operations of Niuminco Group Limited
(ASX:NIU). He talks about the key asset, Edie Creek in Papua New Guinea; it’s ability to stay cash flow positive and to increase gold volumes.
Also the Bolobip and May River exploration sites, which have the potential to be larger than Edie Creek.
Mr Tracey explains the company’s goal to push to 150 ounces/month in the next 6 months and the company’s hopes to get to 200 ounces by mid next year. Mr Tracey outlines the progress of the TNT acquisition in Tasmania and plans to further increase the company’s stake.
A final outlook highlights aims of increasing production at Edie Creek and the sinking of more exploratory holes at other sites.
