Highlights of Interview
Exploration and project development work advances since maiden JORC Resource for the Lakuwahi Project on Romang Island.
Lakuwahi JORC code compliant mineral resource of 592,000 ounces Au and 27.7 million ounces Ag (1.18 million ounces Au Equivalent) in near-to-surface oxide zone and underlying sulphide zone. Approximately two-thirds of resource is in 'Indicated' category and the remainder in 'Inferred'.
After 2-3 years' mining, access will be obtained to develop Lakuwahi's underlying polymetallic sulphide zone (360,000 ounces Au, 17.8 million ounces Ag. 697 million pounds Pb, and 678 million pounds Zn, 95 million pounds Cu).
Maiden resource addresses only a small component of Lakuwahi and Romang prospectivity. The Company's well-funded drilling program (using 8 company-owned rigs, building to 10) will drill high potential targets at Lakuwahi, and North Romang.
Summarises the project development path and the pivotal role of Lakuwahi in potentially funding most of Romang's development, including the exploration of North Romang.
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