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Aerial Drone of NSS @ Work

NSS recently partnered up with SkyDronics to bring you a series of aerial drone videos of just some of the services we offer at NSS.

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Move drone video and other NSS videos can be found over on our YouTube Channel.

Resources and Energy Group is revisiting the figures for its Mount Mackenzie project in Central Queensland as gold prices head north of $2600.

It said a revised sale price would increase free cash flow for the gold-silver project to $54.6 million, from a previous estimate of about $30.5 million.

The review follows scoping study results released in December that showed a strong case for the development of an open-cut gold mine at the site, about 150km north-west of Rockhampton, costing about $13 million to bring online.

Resources and Energy Group (REZ) said it had used a $2000/oz gold price in the previous evaluation and was now re-evaluating the projects’s mineral resource estimate under a higher price model.

Pit optimisation using a gold price of 2400/oz and a mining/-processing rate of 500,000 tonnes per annum would be carried out as part of the process, and a $2600/oz price for sales.

The work is expected to be completed over the next month and is anticipated to provide the basis for advancing the project to detailed feasibility phase.