Member Info for Dofmeister

Precisely, a red herring being fed by Aandi.

Aandi, please tell us what assets Newry own as listed in their accounts.

Please tell us what assets it owns.....

Aandi, I suggest you read the most recent report and accounts for Newry Biomass. The assets have been used / sold to Northfolk and the Company is in the process of being wound up.

Aandi, can't see why the excitement over Newry Biomass, Eteq have said they are not supporting the company and its being wound up......

Why do EQTEC need NRG ??!!

https://reutersevents.com/events/hydrogen/interview/wood.php

Non exec Chairman put in £100k of his own money and Altair, advised by DP put in over £2m in the placing. Relax.

Current ALTYN AISC $1056, gold at $1775. Go figure

Sekisovskoye underground mine
Plant and equipment
There was a significant investment in plant and
machinery during 2020 and to date in 2021, these
are summarised below:
? Front-end loader ZL 50G
? Dump truck 25t Chaicman
? Material handling trucks CAT R1300 - 3 units
? Underground haulers CAT AD30 - 3 units
? Face drilling rig Atlas Copco T1D
? Ring drilling rig Atlas Copco T1D
? Exploration drilling rig Atlas Copco Diamec U4
? Boomer T1D drilling rig with a capacity of
400m/month
? Boomer T1D long-hole production drill
? Diamec U4 Smart exploration drill rig
? JSB Crawler with a capacity of 1.8cu.m

The company is currently ramping up production to 850k tpa by 2023 with the introduction of new equipment. As underground development progresses, management expects grades to converge from current levels (which are illustrated at depth in last years report and accounts) to Sekisovskoye’s reserve grade of 3.51g/t.

Indominer, please explain to the board what you understand to be "small equipment" and where you obtained the information that states the decline is "undersized".

Currently blasted rock from stopes is loaded out using load-haul dumpers (“LHDs”) into 30t dump trucks, which transport the ore to surface through the main haulage decline. To allow the mine to ramp up to 2Mtpa
a rock hoisting shaft will be sunk. The fact is they are still purchasing equipment in order to achieve full capacity, the infrastructure and equipment being used are industry standard. In March they had to cancel a substantial order for further equipment (drilling rigs and trucks) due to Covid delays.

HTTPS://gov.wales/written-statement-taking-action-make-circular-economy-reality

They have had to downsize the Deeside plant ; pity they haven't told us......

Their AISC is at 974 p/oz to produce 80,000 oz pa. ALTN is at about that and only produced 17,000 oz ! Current year should see over double that produced and substantially lower costs are forecast through economies of scale....

"Reading the report I can see it two ways"

Bald E, I suggest you read the report carefully again - it is proposed to construct a separate plant at Teren Sai and upgrade Seki via 2 x 1 M tpa plants.

I give up.........

OK, this is the last time...............read page 4 of the 2020 AR, "Longer Term Plans". They are to ramp up production to 2M tpa at Seki by building a second 1M tpa plant there after upgrading the existing one to 1M tpa. So thats two x 1M tpa plants at Seki.

They then intend to build a further CIL plant at Teren Sai

Bald E, you appear to know F all.

Please do some research.

Teren Sai Proved Ore Reserves of 0.80 million ounces (“Moz”) - 10.20 million tonnes (“Mt”) at an average gold
grade of 2.43 grams/ tonne (“g/t”).

So yes, looks like it would be a conventional 1M tpa CIL plant.

Yes, it would be a total processing capacity of 3M tpa.

From 2020 AR:

The significant expenditure relates to the planned Teren-Sai processing plant which will be a conventional carbon-in-leach (“CIL”) gold recovery plant, similar to the existing one at the neighbouring Sekisovskoye Mine.

From the 2019 CPR : "The Sekisovskoye LoM shows a considerable ramp up from current production levels to the
anticipated target of 2Mtpa RoM production. RoM production is planned to be ramped up to 1Mtpa
using the upgraded processing plant, with a further ramp up to 2Mtpa RoM requiring an additional
processing plant"