Superior Gold – Company Introduction To Production Expansion And Exploration Growth
Chris Jordaan, President and CEO of Superior Gold (TSX.V: SGI) (OTC: SUPGF) joins us introduce the expansion strategy at Company’s producing Plutonic Gold Operations in Western Australia. We start off with a look back to the challenges that the company was having 2 years ago, and review how the new team has executed in stabilizing the current production profile to 77,321 ounces in 2021, (a 23% increase over the 63,065 ounces produced in 2020).
Management plans to increase throughput to their first 1.8 million tpa mill taking production to 100,000 ounces per annum, by supplementing underground ore from the Plutonic Mine with several satellite pits from surface including Perch, East, and a 2 year development project for a main Plutonic pit pushback. There is another phase of production expansion to 150,000 ounces per annum, that will utilize the second 1.2 million tpa mill and will be supported by a secondary open pit project at Hermes South, as well as the potential of sourcing ore from nearby mining companies on toll-milling basis.
We wrap up by getting a Chris to expand on the exploration potential both underground and at open pit Projects, as well as some background on the management team, share structure, key stakeholders, and financials.
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