TRO 0.00% 6.1¢ triausmin limited

quarterly activities

  1. 22,691 Posts.
    http://sa.iguana2.com/cache/437cdf8bd2d9543837d8a0fe1d643894/ASX-TRO-432217.pdf

    "QUARTERLY HIGHLIGHTS
    Activities for the quarter focused upon the zinc, copper and precious metal potential of the Woodlawn Project. The Company also acquired additional strategic exploration interests within the Woodlawn district.
    Key achievements during the quarter included:
    - Commenced a prefeasibility study for the redevelopment of the Woodlawn Underground Project. As part of the study a:
    �� JORC compliant resource was independently estimated at 10.1Mt @ 1.8% Cu, 4.0% Pb, 10.2% Zn, 0.55 g/t Au, 85g/t Ag (16.9% Zn Eqv);
    �� Mining study commenced; and
    �� Process plant, services and infrastructure design commenced.
    - Woodlawn tailings metallurgical testwork continued;
    - Executed a Memorandum of Understanding with Golden Cross Operations Pty Ltd with regard to the Cullarin Joint Venture;
    - Applied for additional exploration licences over areas near Woodlawn that comprise a Silurian volcano-sedimentary sequence prospective for zinc and other base and precious metals;
    - Executed documentation with Collex Pty Ltd (now known as Veolia Environmental Services (Veolia)) which operates the Woodlawn Bioreactor and Waste Management Facility. The agreement provides
    future underground access, and upon the completion of a feasibility study the potential sharing of site infrastructure and services and effects the transfer of relevant land and mining lease SML 20 to Tri Origin.

    In reference to the June quarterly report to shareholders the above achievements include all defined priorities for the September quarter.
    The 10.1Mt resource estimate is a significant result for the Company".

    "The priorities of the Company for the coming quarter are to:
    - Advance the Woodlawn Underground Project prefeasibility by;
    - Estimating a reserve that is mineable from the Measured and Indicated resources;
    - Continue plant design studies;
    - Establish feasibility environmental requirements;
    - Begin to define the pathway for project development.
    - Drill the Woodlawn tailings for resource estimation purposes and to acquire additional bulk samples for further metallurgical testwork;
    - Drill the Pylara limestone project and establish a preliminary resource for Woodlawn site process and rehabilitation purposes; and
    - Appoint a Projects Manager to manage evaluation studies and implement the project developments at Woodlawn".
 
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