The Company remains on track to receive its permits required to advance Coronation North into development which is expected to commence in the first quarter of 2017. At the Coronation open pit, 15 holes for 3,363 metres were drilled testing a NW-SE striking extension to mineralisation (Figure 7). The drilling confirmed mineralisation of significant width and grade in the targeted area (Table 5). At the Nunns prospect, 20 holes for 1,295 metres were drilled to define a higher-grade shoot discovered in the third quarter. Significant results from drilling are shown in Figure 8 and in Table 6. At the Frasers underground, approximately 1,300 metres of resource definition drilling continues to define the down-dip extent of Panel 2 (Figure 9, Table 7). The remainder of the year will focus on completing infill drilling of Panel 2 in advance of a resource update expected in the first quarter of 2017. Table 4 Updated Coronation North Resource Estimate Resource Estimate Philippines Exploration In the Philippines , the Company commenced infill and resource extensional drilling of the Didipio underground deposit, while regionally, exploration activities recommenced across several priority targets within the broader FTAA area.
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Standard cost system is the cost system that is specifically designed to allocate various costs under their respective heads. Many private lenders and institutions these days are providing no credit check loans to people in need of money. Technically bankrupt is a situation where the company’s liabilities have exceeded its assets, currently, but the creditors haven’t yet asked for their money. Ceiling Rate: The maximum interest rate that can be charged by a lender, which gets automatically imposed in case of a delinquent payment. Repossession can be voluntary or the creditor may forcibly gain possession of the property, when the borrower fails to meet his repayment obligation. Service charge is the charge, which is paid over and above the basic fee for delivering a service. Disclaimer: The content on this page is intended for educational use and not to be construed as legal or professional advice.