Abra Construction 83% Complete At End Of August

Managing Director, Tony James commented, “With the flotation cells and the regrind mill landing in Australia, all the key pieces of equipment required for Abra processing facility have arrived. On site, construction activities have now past 83% with focus at the plant shifting to installation of the remaining mechanical items, piping and electrical installation. Operational readiness activities continue as the site prepares to start some early dry commissioning activities. It’s also pleasing to see the TSF earthworks essentially completed and the power station reaching 94% completion”.

Figure 1 – Abra plant screening and materials handling (photo: 9 September).

Update on Abra Project progress

Overall progress continues to remain in line for Project completion, with first commercial production expected in Q1 CY2023. The processing plant engineering, procurement and construction has reached 90% complete. All key overseas supplied equipment itemised in the regular project updates shown in table 1 below have arrived in Australia. All the items in table 1 are shown as “strike-out” for completion purposes.

Table 1 – Key equipment order and delivery schedule from overseas suppliers.

Mine decline development continued in the East Decline during August. A total of 242 metres was developed with the decline reaching 1,337mRL. The decline location is 213m vertically below the surface and approximately 24m vertically above the orebody.

During August the primary ventilation raise drill pilot hole reached the 1,390mRL and back- reaming of the 6m diameter hole commenced.

In August, 15 new underground diamond drill grade control holes were completed (2,141m). Assays from the holes drilled in July are expected to be returned in September for evaluation. The second underground drill is also scheduled to commence drilling in early September, following installation of the required power services.

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