I heard it slightly differently. I understood it to be maiden indicated in the next few weeks (BGL had already flagged that it would be July rather than June - albeit informally). I think the "two further upgrades in the second half of this year" is referring to the imminent / July release, and then a second release (likely Dec quarter) with additional Indicated (from the infill drilling), and additional Inferred from extensional / new definition drilling. Could be wrong, and it would slightly break the pattern, but...
- 1-Aug-18 - MR - 0.5 Moz [Bellevue surrounds, Western corridor (later renamed Tribune and Southern Belle)]
- 22-Oct-18 - MR - 1.04 Moz [Adding Viago]
- 5-Feb-19 - MR - 1.53 Moz [Added oz to Bellevue surrounds]
- 11-Jul-19 - MR - 1.8 Moz [Added oz to Tribune ("Tribune North") and adding oz to Viago ("Viago North"); introduces Deacon, but not quantified]
- 24-Feb-20 - MR - 2.2 Moz [Adding Deacon]
Ann: Metallurgical Tests Return Exceptionally High Recoveries, page-57
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