The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
www.linkedin.com/posts/hajar-alaoui-sossi-21415717b_jai-le-plaisir-de-vous-annoncer-que-joccupe-activity-6910651574730002432-JkZj
"If your research was so good, you would be living somewhere like I do. Not with one property, but with another, in the mountains, where it is cooler"
Priceless, LOL
The Wood technology review must have gone well. Great endorsement.
I thought we didn't have any direct competitors?
https://absl.tech/swindon-plant
Sounds like they have a different system to England, not surprising.....
The word, "Permission" gives it away. Same wording used in England. There will be conditions but no appeal - appeals are for Refusals. There is the possibility of a Judicial Review but these are rare.
The Sligo planning was given permission. The info is there if you look.
HTTPS://www.moex.com/e17290
Presentation to Moscow Exchange 29 September
I expect the bond raise to be supported by new CPR, they have been drilling for over 2 years now.
Thanks Stonefold.
Spike, as you say academic in the scheme of things but they confirmed in the televised presentation last week Seki was planned to go to 2mtpa, and life of mine would be maintained by increase in reserves to be confirmed by new CPR following extensive drilling since 2019.
From the 2020 accounts released in April this year:
The long term plan still consists in operating the Sekisovskoye Mine at 850kt annual capacity for three years then ramping up production to 2Mtpa over a six year period. The initial target is an important milestone and with the purchase of the new equipment this is now progressing as planned. The longer term plan involves obtaining further funding and the Board is constantly looking at the best way to finance the business going forward. In this regard, the Company has recently appointed Renaissance Capital to operate as a Corporate Broker as well as produce independent research on the Company in order to increase its profile with potential investors. In order to achieve the longer term goal outlined, the Company has estimated that it will require an initial funding of US$40m-US$50m to attain 1Mpta target. Further funding will be required for the secondary 2Mpta target.
Mining operations at Teren- Sai are planned to run in parallel to Sekisovskoye development and will initially include surface mining at Area No.2 before moving underground at a later stage. It is envisaged that at the initial costs of open pit operations can be kept low by making use of the existing equipment as far as possible. 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.
There will be 3 plants, two at Seki at 1mtpa each and one at Teren Sai, size yet to be announced. Hopefully the penny will drop soon......
No, this is 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.
The ramp up will require commissioning of a rock hoisting shaft and associated cage and
ventilation shafts and skip and ventilation shafts planned to follow. Initial ramp up production will
be achieved using the two transport declines. Production in these years will be from two levels
above +100masl, with planned hauling distance for the ore through the two transport declines
being 2.0-2.2km. Ten trips per truck per shift have be scheduled for each of the seven trucks
dedicated to the two production levels, to achieve a daily production of 3.36ktpa"
Teren Sai is on top of this .
It will all become clear to you in due course! You can always get in touch with Gallagher or Basra for confirmation, I have direct contact with both.
http://145908.selcdn.ru/files.altyn.uk/2014/CPR_Announcement.pdf
Baldy, ramp up to 2mtpa been planned since 2014.........
Hey Baldy, here it is, in the Company's own words:
"The plan consists in operating the Sekisovskoye Mine at 850kt annual capacity for three years then ramping up production to 2Mtpa over a six year period. This will be achieved by increasing the capacity of the existing processing plant to 1Mtpa from 0.85Mtpa for US$8.4m and constructing a new 1Mtpa metallurgical plant and tailings dumps for US$45.7m. The 2Mtpa production level is planned to be achieved with the development of vertical skip, cage and ventilation shafts down to the -430masl level. As such, while the mine is being currently accessed via two declines, a capital expenditure ("Capex") of US$204m is planned for the Life of mine underground expansion in order to develop a new vertical skip, cage and ventilation shafts as well as the associated infrastructure".
Look at the Advfn board. A poster there has confirmed Seki plans for 2mtpa having also watched the Presentation. Teren Sai is on top of that. They haven't disclosed the plant capacity at TS yet.
Baldy, you obviously didn't watch the presentation, they confirmed the intention to expand Seki to 2mtpa. You don't know your arse from your elbow!
Hey Baldy, now talking about another plant at Teren Sai as well !
From the presentation:
"Construction of the second gold processing plant at the Teren-Sai deposit"
Get your small nodule around that one !
Hey Baldy, from the 2020 AR:
"The long term plan still consists in operating the Sekisovskoye Mine at 850kt annual capacity for three years then
ramping up production to 2Mtpa over a six year period". Confirmed in the presentation. Where is the ambiguity ? LOL.