Highlights
TUNGSTEN & MOLYBDENUM
Molyhil NT.
- Ore sorting delivers up to 8% additional metal value, without additional operating cost.
- Cost reduction initiatives reduce 2012 DFS opex estimate by 13%.
- Metallurgical testwork to confirm ore sorting does not impact on recovery or concentrate quality.
- Molybdenum pricing improves by 30%.
GOLD
Spring Hill NT
- Follow-up screen fire assays provide substantial increase to gold grades above 0.5ppm.
- Combined gravity and continuous vat leach test work returned gold recoveries of 98.3%.
- Exploration expenditure necessary to achieve equity increase to 80%, completed.
Dundas WA
- No work during the quarter.
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