RE: PFS - Good Job it’s due this week before the end of Jan!!!27 Jan 2021 08:56
From 1st December.
Looks like should be completed and updated to the market shortly after.
The 30 September 2020 update also provided a summary of the status of the geotechnical evaluations and modelling as well as other critical activities required for completion of the PFS. While this work program is now nearing completion, various aspects will, however, continue to be further optimised following publication of the PFS.
Assessment of the new geotechnical information has necessitated a redesign of certain underground infrastructure to a location outside of the cave footprint, changes to the mine design and development, and mining production schedules. This work is nearing completion with preliminary financial modelling expected to be undertaken in December this year and be subject to reiterative optimisation.
In parallel, the project team is also assessing aspects of the Alpala Project which can be further investigated to improve the modelled financial performance of the proposed mine development.
It is expected that consideration of this additional optimisation work will be reported in an updated PFS prior to the final Feasibility Study.
As part of this additional optimisation work, the PFS team is also investigating:
· Improvements to metallurgy and the quality of metallurgical assumptions;
· Seismicity studies to refine design of the tailings dam and processing plant sites; and
· Sustainability improvements, including the option for hydroelectric power supply to Alpala.
This additional optimisation work is expected to increase the accuracy of current assumptions and deliver further value over the PFS outcomes.
The recently formed Alpala Project Committee, chaired by Non-executive Director Keith Marshall, is currently undertaking a review of the PFS work input components and the report drafting progress. The key objectives of this committee are to actively participate in setting the development strategy, provide advice, support effective decision making and monitor the staged development to achieve agreed outcomes relating to the Alpala Project.
The Apala Project Committee review is expected to be completed by the end of January 2021, followed by a recommendation to the Board. The Company plans to update the market on the PFS shortly thereafter.
This review by the Alpala Project Committee is leading practice and a key building block to further advance Alpala and transition the project to the next development phase.
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