TVI Pacific Inc (TVIPF)

[ronrooster]

some Balabag update info....@ 70% throughput now..
.As at the effective date of this MD&A (April 28,2022), Balabag has completed fourteen (14) shipments in the amount of 14,187 kg containing 15,470 ounces of Au and 430,918 ounces of Ag for 21,016 gold equivalent ounces. Twenty-four-hour operation of the plant was introduced in late August 2021 and TVIRD has advised that commercial production was achieved at Balabag effective November 1, 2021. Activities at site continue to be focused on optimizing the operation and the ramping-up of throughput to 2,000 tpd. Head grades averaged 1.9 g/t Au and 68.9 g/t Ag in the year 2021 since start-up in July 2021 and recoveries over the same period averaged 88% for Au and 69% for Ag. Balabag mill plant (“Plant”) availability through December 2021 was 70% at an average processing rate of 1,101 tpd as adjustments to the process and plant commissioning works have continued, resulting in an improved availability rate of 77% at an average processing rate of 1,400 tpd through the first quarter of 2022 with average head grades through this period of 1.8 g/t Au and 69.5 g/t Ag.