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Mine life is 21 years. This is because

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Dutch123   Monday, 05/22/17 06:32:42 AM
Re: Nioman post# 235
Post # of 262 
Mine life is 21 years. This is because the NSW mining lease is max. 21 years.

The Nyngan resource is big and rich enough to extend the mine life and/or upscale production. The current scenario in the DFS only uses up 1/6 of the resource.

Max. mine life: 6 * 21 = 126 years
Max. production: 38.5 * 6 = 231 tonnes Sc per year.

The combination of 115.5 tonnes Sc for 42 years would also be possible. Remember SCY also owns Honeybugle, which is similar in size and grade.


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