Your Toughest Questions on Superior Gold Answered

Investor webinar replay

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Replay transcript excerpt

[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Can you explain in detail what went wrong in the open pit? What are the issues you're dealing with, which caused the poor performance and ultimately the decision to suspend mining operations. [00:18] Speaker 2: So talking about the open, but they were basically 2 main issues that we had to deal with. Firstly, the total material moved or TMM, as we call it, was below expectation. [00:30] Speaker 2: And that was due to a number of challenges that we had. [00:34] Speaker 2: 2 contributing factors, the 1 being [00:37] Speaker 2: availability [00:39] Speaker 2: of labor [00:40] Speaker 2: and so forth, given [00:42] Speaker 2: that the mine was started or the mine produced was started [00:46] Speaker 2: during the height of COVID, unfortunately, [00:49] Speaker 2: which spilled over at least 2 months [00:53] Speaker 2: of that startup period. So that held us back quite significantly. [00:58] Speaker 2: And then also in addition to that, we were challenged in [01:02] Speaker 2: providing [01:04] Speaker 2: an effective [01:06] Speaker 2: solution to mine around the voids. [01:08] Speaker 2: Now, understanding that the open pit, the deep end of the open pit, intersected with some of the underground workings. [01:15] Speaker 2: So working around those voids were absolutely critical and that [01:19] Speaker 2: caused 2 things. Firstly, [01:22] Speaker 2: reduced rate of mining, but also dilution of the higher grade ore. Now, the benefit of this is that the gold is still there. [01:30] Speaker 2: What we're saying going forward is we are going to provide a technical solution that will give us access [01:39] Speaker 2: more effectively and more efficiently of that gold that's still in the ore. Yo...