Galaxy is pleased to announce it has successfully reached 90% of nameplate throughput with peak feed rate at 95% of design. During February, the Mt Cattlin Operations will continue to increase its throughput and is expected to reach the nameplate design of 210tph within the next week.
Immense progress to have reached these milestones ahead of time and only shortly after the first delivery in December. This is the figure Michael Fotios was talking about many months ago on his interview with ABC. Again, keep your listening ears open and pick up on these hints to get an idea of our future direction
Well done to the crews at Mt. Cattlin working around the clock and the operations team. Big ups.
Side note - I suspect the average grade of 5.5% is due to the before mentioned reasons here. (I.e. Fulfilling the 2016 sales contract). I would suggest they will fall within the 5.8 - 6.4% region for the 120,000 kt sold for 2017. Read the announcement from 14 December 2016 and let me know if you disagree.
M92
Ann: Mt Cattlin Production Update, page-23
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