RE: EDL31 May 2020 15:48
The 2018 Edenville Presentation informed of the 10 Year Mining Plan developed to open up both commercial mining opportunities and coal top power.
By my reckoning and considering what has already been discussed, if all had gone to plan that would have put us 4 or 5 years into the previously unanticipated Plan revised to the 10 year Mining Plan. We are clearly not at that stage because of recent events amongst other things, but the February 2020 RNS (prior to the covid-19 Pandemic RNS) Alistair Muir, CEO of Edenville, commented:
"We are encouraged by the progress we have made since the receipt of funds, focusing firstly on re-establishing the workforce and secondly making essential modifications to the wash plant, including the delivery of a critical spares inventory and establishing the interim ROM coal stockpile. We intend to re-establish continuous production at Rukwa, as the weather conditions allow, and look forward to providing further updates regarding progress as appropriate."
Imo we appear to be reasonably placed when mining is resumed, obviously subject to remaining funds or further funding.
All imo pdyor