Panmure L.20 Feb 2025 13:32
They have visited Dokwe and published a new Note which is available to read on the AAU website.
I posted this on ADVFN
The names are different to normal. Gone is Kieron Hodgson & Edward Gooden. It is now Duncan Hay - Lead Author and Tom Price - Research Analyst.
MRE update imminent, revised PFS numbers during the Interims and importantly a DFS early 2026.
This is interesting
AAU: Dokwe next steps
An MRE update is expected in the next few weeks, followed by another revision of the PFS (at US$2500/oz, inc. Dokwe Central), and a study- manager for the DFS is close to being appointed, with completion by early- 2026. Soil surveys across the licence area are underway, and a 10,000m drill programme is being planned for mid-2025, comprising infill, geotech and some step-out. Dokwe South is a key target for near mine exploration, as is the ‘gap zone’ between the North and Central pits. Ariana believes Dokwe has multi- million-ounce potential, with camp-scale potential in the wider area, and other regional targets based on the same geological vectoring, that highlighted Dokwe in the first place are also being assessed (i.e. extensions of known geological structures in greenstone terrains beneath transported cover).
Other target dates:=
E.I.A. within 6 months
"Timely funding"
Production within 3-4 years