Lot of issues other than how good the ore body might be.
They have some big challenges developing this project. Very challenging area to run trucks out, have to pass hundreds of small landholders on lifestyle properties, steep roads only built for light traffic and loads. Heavy use of air brakes etc echos all though the valley, can be hard many kilometres away. Resistance movement already starting on facebook and chat groups.
Also no water for mine process. Each tonne ore needs tonne water. Small mine say 1M tpa will need 1 gigalitre.
Only place to find that volume of water is in Perth Basin.
Not far, about 20km, but hundreds of small holdings to deal with.
But Perth Basin is highly regulated and no water allocations left in this area, so must find others to buy from, will be long and complex process.
This is not a Sandfire timeline for development, more like a Hunter Valley coal mine timeline.
Pessimism vs Optimism, page-84
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