Annual report for Mt Tymn and Ringwood - Montfall

Abstract

It is not reasonable to continue any form of exploration at either mine, there is enough information gained from past works to give confidence to establishing a minor 30tph milling/gravity (cyclone) recovery to maximise processing results, by processing on site. We have been actively searching for a partner interested in establishing a plant that will make many more small deposits viable, & extend the plant life for decades. We have now developed an association with the Grochowski Group, who are constructing a highly mobile, rough terrain mining and processing plant, comprised of; impact crushing unit, 30tph ball mill and cyclone gravity recovery plant, along with fuel tanker, accommodation, abolitions, mess and kitchen facilities, power plant and conventional mining machinery. They will be available to commence mining by July 2011.