Progress :Be patient20 Nov 2018 13:50
Just a reminder : Snippets of the previous statement(RNS) and interviews.
Although RM apologises for the delays in progress but gives comprehensive/justified reasons why.
Looking ahead on his benchmark of dates for future news that i am confident will be positive. I don't think he'll make the same mistake twice.
Thu, 27th Sep 2018 07:00 RNS INTERIM RESULTS
Overview
Pre-Feasibility Study ('PFS') now re-scoped to include optimisations, will result in an updated timeline for the final PFS report, individual modules of the PFS will be released as they are completed starting November 2018 with final report released to market Q1 2019.
Environmental and Social Impact Assessment ('ESIA') continue to advance and completion is expected Q4 2018.
Chairmans Statement:
"Trenching was also undertaken at Moriusaq, and whilst the full results are expected later this year in Q4, initial indications are very encouraging."
As a consequence of incorporating these optimisations, it is now expected that the final PFS will be released during Q1 2019. Although we are disappointed with the delays, it is important to note that these project optimisations will expand what is already an economic development into a significantly more robust long-term operation.
Outlook:
It is because of this scale and grade, together with our strategic location in Greenland, that our ilmenite product is so highly sought. Finalising discussions with offtake partners is a critical focus for us and whilst commercial negotiation can be a lengthy process, we are confident that the end result will be a positive one.
Finally, the last hurdle to production is undoubtedly the grant of our exploitation licence. This application process continues to advance positively, and we continue to enjoy a good relationship with the Government of Greenland and the local community within which we operate, as evidenced by a number of constructive meetings held on site during the 2018 field season. We will of course continue to keep shareholders updated on developments relating to this licencing application as they occur.
Lets also not forget the two interviews that featured Rod McIllree,both with a positive approach and statement.Both well worth another watch.
Be patient and Q1 2019 does not mean the first month in the Year.
https://youtu.be/kAADW4-FeB4
https://youtu.be/agmyWMLiYhA