Successful Private Placement and Funding
The company obtained sufficient funding through a private placement, significant income tax refund, ATM sales, and securing a loan in Q2, which will support their strategic plans.
Exploration Success at Three Sisters
Significant success in infill and exploration drilling near known resources, particularly at the Three Sisters vein system, which shows attractive grades and wide veins suitable for productive mining.
Improved Mining Methods
Transition from long-haul to cut and fill mining methods, reducing dilution from 40% to 17% in July, leading to lower mining and milling costs while maintaining metal recovery.
Processing Capacity Expansion
Order placed for a third dry stack filter press to expand processing capacity, eliminating bottlenecks and improving metal recovery and profitability.
Enhanced Metal Recovery and Payability
Comprehensive analysis of reagent usage and process flow in the processing plant has led to improved metal recovery and payability, increasing the quality of the concentrate produced.