RE: News Blackout22 Sep 2022 10:24
Still referring back to the potential just on BP
Baita Plai is a skarn deposit comprising several veins in calcareous sediments in eight distinct pipes
Measured, Indicated & Inferred mineral resource category of 608,000 tonnes @ 2.58% copper (βCuβ) equivalent
Exploration target, including the historical mineral resource estimates of 1,800,000* tonnes under the NAEN Russian Code, between 3.2Mβ5.8M tonnes with Cu range of 0.50β2.00%, gold (βAuβ) range of 0.20β0.80 g/t and silver (βAgβ) range of 40-80g/t
Unmeasured resources in other pipes and further substantial exploration upside
Commenced concentrate production under Vastβs operating control in October 2020 and the Company implemented a new mechanised mine plan in March 2021
Ramping up mining to target ~124,500t ore in 2021 & ~237,300t ore in 2022
Production targeted to reach ~6,286t concentrate in 2021 & ~9,580t concentrate in 2022
Current forecasts suggest Baita Plai will deliver surplus cash (after development costs) of ~US$2,427,066 in 2021 & ~US$13,197,646 in 2022