KCN 5.17% $1.22 kingsgate consolidated limited.

Exploration leases

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    This infographic might give some details of relative sizes of the new exploration applications.

    I think it mentions 1400 & 2500 rai of mining permits, in phases 1 and 2.
    Then 19,812, 10,000, 10,000 rai of exploration permits in 3 districts.

    But there was recent mention of 400,000 rai of new exploration license applications? 10x larger than the existing licenses? Unless the infographic missed some other existing licenses, or if the license types are different.

    You'd think if all licenses were granted, and no further government interference, then the mine could be worth multiples of what is was previously. Since the mine had gradually fallen to fairly low grades, after I think the nearby licenses were withheld from them for a decade. I'm just guessing that the additional licenses would allow for a lot more tonnage, and maybe grades rising from 0.6g/t to 1g/t again. Maybe I'm being overly optimistic, or that might only be possible years down the track.

    https://hotcopper.com.au/data/attachments/2462/2462707-1bdd5ff3db6e29e0d8468e959406b8a8.jpg

    Complete infographic
 
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