REVIEW OF OPERATIONS
Key events over the period and up to the date of the report include:
- Drilling and geochemical analysis of drill core samples from the Centipede, Millipede, Lake Maitland and Nowthanna deposits along with the re-interpretation of the geology for all of the Wiluna Project deposits. Outcomes included increased grade and resource and substantially improved geological models that underpin innovation and value engineering programs;
- Innovation and value engineering programs initiated and indicating optimisation opportunities for mining, beneficiation, uranium recovery and tailings;
- Significant State and Federal Government environmental approval milestones achieved for the Wiluna Project extension;
- $12M Macquarie Bank debt was repaid in full from existing working capital and the equity capital raising in the previous year. Additionally a $6M interest free loan was entered into with Sentient; and
- Key non-executive chairman board appointment of Mr Tim Netscher.
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