Very good announcement.
60k p.a for the current 3 year mine plan (I am highly confident it will continue well past 3 years).
Whilst it is simply displacing lower grade ore, it has a twin benefit of lowering the AISC, whilst increasing the amount of ounces RRL will be producing. Hence, their medium term target of 400k p.a is going to be achieved.
This is all excluding the development of McPhilliams. i.e. RRL will be a 600k+ producer within 2-3 years.
Interesting that they continue to use $1600 AUD for the reserve. Good to be conservative, but it also means that a lot of gold is being excluded, at least for now.
Ann: Approval of Garden Well South Underground Mine, page-2
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