CHART - NML Big Picture, page-318

@Allstock

Lets bring the NML conversation here. The NML boards frankly needs it Plus it is away from the EVN posters I've ignored over the years.

Yeh unfortunate the NML SP. Still green in the portfolio... just. I still believe EVNs old asset Mt Carlton has more to give and best in NMLs hands. At least it is free from other distractions, moving parts and is really no competition to EVNs other assets. This laser focus on Mt Carlton is what it needs. If I put myself in JKs and LCs shoes I know I will spend more time and money to address the Red Lake issue than Mt Carlton.

Regardless of SP, NML are hitting some milestones there, First load of ore from Mt Carlton United (MCU - newly approved open-cut mine) was delivered to the Run Of Mine (ROM) on 29 December 2022. Mt Carlton was never plant constrained it was mine constrained on the old open pit as the orebody forked and the stripping ratio went haywire. This new open pit will hopefully alleviate the issue as we find an UG solution to the old open pit. I expect some improvements in numbers in the March Quarterly.