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We have also added a third drill to our program, called a "termite" or "packsack" drill, that is currently drilling short holes (up to 30m long) testing ore extents in and around currently developed levels of the mine. We are using the termite drill data to better refine our stoping shapes, drill and blast design and ground control systems. This in turn enhances the overall control that we have over the mining process and creates a more stable platform from which to produce. In the LFZ particularly, the termite drilling program is returning information that is enabling us to expand ore zones while maintaining production grade targets, hence returning increased ore tonnes available per level.
Toby Bradbury holds 696,270 shares in the Company which represents 0.44 per cent. of the issued share capital and total voting rights of the Company. Think Toby got abit more now but he invested quite abit
Operational Update
Production and Developed State
· May has shown that the developed state of the underground mine has now been brought to a position to support full production through the mill. The status of the four main production areas in the mine are as follows:
o 510L LFZ: Production activities and diamond drilling continue in this area.
o 770L and 790L UFZ: Production activities continue in this area. Secondary ground support has been a focus in May to protect the high grades expected out of this zone in June.
o 785 Ming North Zone: Development as a cut and fill operation continues through the zone at scheduled rates.
o 735L and 760L LFZ: Production activities continue in this area.
o All three mining zones at the bottom of the mine experienced backfilling cycles during May, totalling 16,296 tonnes fill placed. This necessary step in the mining sequence also benefits the operation by reducing or eliminating haulage of waste rock to surface and is the reason why ore tonnes were lower for the month.
o Total tonnes of material moved in May were 50,388 tonnes, comprised of 32,262 tonnes of ore and 18,126 tonnes of waste/backfill movement. Peak tonnes moved in a 24-hour period was 2,750 tonnes while peak tonnes of material brought to surface was 2,134 tonnes ore and waste combined.
o New mining equipment received during the month included an 8-yard CAT scoop and 30 tonne CAT underground haulage truck.
time to put the whisky down mate
Toby Bradbury, President and CEO, commented:
"Focus for us has been to fully utilise the capacity of the mill at Nugget Pond and our peak daily plant throughput during April was 1,408 dry metric tonnes. Our mining is now at a rate that can support the designed plant throughput, and we will now optimise the feed grade to the mill. We have built a valuable stockpile ahead of the mill which mitigates some of the mining risk that the operation has been exposed to over recent years and we continue to progressively build resilience into all aspects of the operation."
Moon was always right.....tb is a liar,unprofessional ,worthless ceo who has no idea about how to manage finance .without giving any details how much they need and how they manage it just release a rns .."..we need money ...." bloody idiots ...down 75% now and can't sleep .during weekend they need to manage new gen to get more money for a longer term ...
y Bradbury, President and CEO commented:
"We are pleased to have concluded this transaction at an exciting time for Rambler and for Elemental. The deal reflects a vote of confidence in the future prosperity and prospectivity of the Ming Mine as we continue our transformation."
https://ramblermines.com/storage/misc/rambler1-28374-pro-1660851163.pdf
Wake up everyone rmm first time yes are delayed but have acutally done it have acutally show. The market they can produce and are saving money new trucks new drills it’s all about improving mine cost cutting
this will come back. remember, what doesnt kill you makes you stronger (more knowledgable in this case). dont stress over this it is what it is.
Not that but in rmm history they finally sort out debts finally borrow big . We gonna need lot credit card loans whatever possible we need ore sorter we need new tool cost saving move the ****ing mill over asap. I say 50 million but I really hard to tell how they gonna do it how play it. Unless parnter ship
Moon whars ur sp prediction 1 year from now? You were always right