TROY RESOURCES
For the
Production for the Quarter was in part affected by the wet season that endured longer than normal as well as travel restrictions resulting from the Covid-19 situation which prevented the return to site of many members of the senior management team. Importantly the Covid-19 situation has improved with key management staff back to site which will likely have a positive impact on operations moving forward.
The lower grade for this quarter reflects limited access to the higher-grade Hicks 4 ore as a result of the wet conditions, with throughput supplemented with the treatment of mineralised waste.
Pleasingly, mining and processing activities have since returned to normal levels with much drier conditions now prevailing. The Company re-iterates FY2021 production guidance of 35,000-40,000 ounces at an ASIC of
Work on underground designs, geotechnical studies and ore modelling in respect of the Smarts Underground is ongoing, with several geotechnical holes currently being drilled. Assays results from the second hole are imminent with the 3rd and final hole now drilled and also pending assays. The Smarts Underground maiden Reserve is on track for the
Upgrade of tailings storage is nearing completion which will accommodate a further two years of ore processing. Meanwhile, Troy is also pleased to advise that the Company has hired a Senior Safety and Environmental specialist. The Company is also currently procuring a General Manager with experience in both open-pit and underground mining procedures.
Further information concerning operations for the
Contact:
Tel: +61 8 9481 1277
Email: troy@troyres.com.au
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