Interesting Comments in Abacus Sept 2014 Financial Report

Posted by Stop Ajax Mine on December 5th, 2014 5:08am

Interesting Comments in Abacus Sept 2014 Financial Report

"Management of Abacus currently cautions that depending on KGHMI’s final decisions on the various

opportunities being reviewed it is likely the submission of the EA will be delayed by approximately two years

until mid-2015 and a projected mine startup delayed until mid-2018 if the Ajax project is eventually approved

for development." It appears that the application release has been pushed back another quarter from early 2015 to mid 2015.


"A major work programme is ongoing during 2014 consisting of various permitting activities, detailed

engineering work, metallurgical test work, optimization studies and exploration and condemnation drilling. The

objective of the exploration drilling programme, estimated to comprise 13,500 metres, is to identify potentially

economic mineral resources close to the Ajax mining complex for future resource definition, as well as to test

several highly-prospective regional targets outside the Ajax area, which resources could add significant value to


the project." It confirms that active exploration is underway , yet KGHM Ajax refuses to the disclose that fact, refuses to disclose those results to the public, and most of all refuses to disclose the long term plans of Ajax.


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