Ann: Mount Peake Feasibility Progress and Update , page-19

re: Ann: Mount Peake Feasibility Progress and... hi all. well from where I sit I find the progress update extremely helpful.

I do agree with all those who find the continued extention of the DFS timeline frustrating. I also feel that frustration.

on the positive side and for me at least this update details all the stages required for both the completion of the DFS and for the commercialisation of TIVAN. also and importantly where TNG is at within these stages. until now I have not seen this level of detail.

It also gives good insight into the real benefits anticipated from a thourough refinement of TIVAN processes.

The DFS and TIVAN are hand and glove and TIVAN is a new process requiring analysis of each and every variant to achieve its optimum benefits. hence the delays.

This in turn bears on the CAPEX and OPEX figures therefor ultimately the profitability of the project.

this of course will not have escaped other more experienced posters but for me the detail was never there and now it is.

I guess I now understand the delays and why they are coming about. TNG is not just failing to hit timelines because theyre not doing anything but because they are in uncharted territory and need to get it right.

IMO the update gives us a clear well sign posted road map forward and I feel we will get regular updates as each milestone completed.

the expected outcome is a more profitable operation both in set up costs and production expenses with the added plus that TNG should end up with superior extraction rates and superior end products.

the approach adopted by management is likely to result in interest from those wanting off take agreements requiring high purity products.

also it seems clear that while the two stage development option is still on the table it isn't the focus. its plan A that is in focus. That has always been the best if it can be achieved.

im going to sit back and watch the announcments and further progress updates role out as the year progress,s comforted in the fact that we are in good hands. All IMHO.