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🚩“ $BMXI ..Update on heapleaching reboot: Management confirms that new “BOT“( build operate transfer) agreements have been signed with the operating entity responsible for construction and operation of the 25k tonne leachpad project at our Alason site undertaken immediately prior to the Covid shutdown in 2020. The leachpad, containing 25,000 tonnes of ore, will be constructed on the Company’s expanded mining area in Alason, with construction to commence shortly.. under BOT agreements, all capital and operating costs will be borne by the contractor, with revenue from gold sales to be split on a 60/40 basis with BMXI and the contractor.
It is anticipated that the leachpad construction and loading will cover a period of 6 months, with initial production anticipated in Q2 2027…..@BrookmountAu ”
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$BMXI @BrookmountAu #Gold #Mining
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