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Replies to post #15226 on RemSleep Holdings Inc (RMSL)
TinkerBelle
05/13/13 9:13 AM
#15227 RE: eiddle #15226
Comprehensive operational review continues with revised strategy focusing on establishment of profitable underground mining operations;
Noble Mineral Resources (ASX: NMG) advises the comprehensive wide-ranging review of the Company’s Bibiani Gold Project in Ghana supports the establishment of a profitable underground mining operation. As advised in Noble’s March Quarter report, the Company is pursuing a revised operational strategy focussed on producing higher margin ounces to ensure the long-term sustainability of the project. The review, which is ongoing, is being conducted by Noble’s Joint Technical and Operating Committee (“the Committee”) ,which includes representation from major shareholder Resolute Mining Limited (ASX:RSG). Surface mining operations at Bibiani have been temporarily suspended from today while the revised operational strategy is finalised. The gold endowment at Bibiani is significant and Noble is confident the existing infrastructure combined with a revised operational strategy will provide the opportunity to establish a profitable underground mining operation.