ADN 2.04% 4.8¢ andromeda metals limited

Scoping Study / JORC Mineral Resource / Feasibility Studies / Permits

  1. Zxc
    1,497 Posts.
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    Think it is worth having a different thread for these topics.

    Has been a little talk about the announcement due this quarter. I think some are expecting the optimised scoping study?

    Having read back through the announcements, I believe we will get an updated JORC Mineral Resource estimate incorporating the latest Carey's Well results.

    Correct me if wrong, but from there those numbers could be plugged into the current scoping study and we could/should get an updated mine life, project cashflow, NPV and IRR? Could this be announced at the same time as the updated JORC?

    I think the optimised scoping study will likely come next year as I would imagine a fair bit of work will need to be done to incorporate the wet processing on site details.

    We know from the Samso interview that the permit process is underway and local government support is present.

    Feasibility studies are also underway. Will a BFS be needed if funding will likely do done from our own cashflows?
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