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Mutiny Gold To Announce Deflector Definitive Feasibility Study Results

Mutiny Gold (ASX: MYG) has been granted a trading halt and placed in pre-open pending the release of the company's Definitive Feasibility Study on its Deflector deposit in Western Australia.

Earlier in the week the Deflector maiden initial Life of Mine production inventory increased to 552,000 ounces of gold equivalent; including 442,000 ounces of gold, 21,000 tonnes of copper and 491,000 ounces of silver.

This Life of Mine production inventory includes a JORC reserve of 403,000 ounces of gold equivalent.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 23rd October.

Analysis

Proactive Investors wrote on 18th October:

The transformation from emerging producer to production is on track. Proactive Investors believes Mutiny Goldremains undervalued despite the recent re-rating. We consider a near term price of $0.15 is achievable.

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