Kharmagtai Water Supply Drilling Program Recommences [Yahoo! Finance]
ASX LTD UNSP/ADR (ASXFY)
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Source: Yahoo! Finance
pleased to announce that the hydrological drilling program has re-commenced for the Kharmagtai Pre-Feasibility Study ( PFS ), which is being developed with the Company's joint venture partner Zijin Mining Group Co., Ltd. (Zijin ). Water supply is a core input to the study; a key driver to maximise processing throughput for the project. Highlights A hydrological drill program has recommenced with two diamond drill rigs, following a pause during winter months. Field work comprises three key components, with oversight by SRK Consulting. Geophysical investigation. Monitoring bore, piezometer installations and testing. Production bore, installation and testing. Approximately 3,700 metres of hydrology drilling will deliver 18 monitoring bores, and a further 1,350 metres of drilling will deliver 4 production bores, to be completed in May 2024. The final PFS water report is expected to be completed in July 2024. Data will be compiled into a hydrology database for use in site w
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