Ann: Arrowsmith North BFS and Maiden Ore Reserve, page-146

Aside from the good chat re dividends, it's also exciting to speculate where the sp might be following the grant of mining leases. Essentially once they're approved, there should be no barrier to construction and production.

All's been delivered to expected timing to date and the latest presentation in May has mining leases expected to be granted in Q4 for Arrowsmith and Q2 next year for Muchea. Any interaction with government obviously brings certain doubt re timing, however there's no reason not to be cautiously optimistic atm. I've tried to find some stats on timing for mining lease grant in WA, the most recent being approximately 200 calendar days in 2010.

If all goes well, hopefully it's only a year until first production.

DYOR, GLTAH