The somewhat atypical strategy comes after metallurgical results showed gravity gold recoveries of 31-77% in oxide ore and 32-90% in fresh ore, “with no obvious correlation with gold grade”.
Breaker has an eagerly awaited maiden resource estimate due later this quarter at Lake Roe, outside Kalgoorlie, with the company keen to point out “resource drilling will continue long after release of the maiden JORC resource”.
The potential early start production strategy could also be an effort to address the typically flat market period faced by companies as they undertake feasibility work.
Breaker has an estimated A$12 million cash.
Shares in Breaker were up 3% to 71c in early tr...