A solid announcement that ensures KOTH will be producing 200k p.a until at least FY27.
The contractor announcement (separate) basically states they have reserves for at least 2 more years.
Again, Darlot has a very large MRE, but.... the challenge is to convert it to reserves, as from last year, they have only converted about 8%. A long way to go hopefully before they ever look at fully shutting Darlot.
Darlot mitigates the hedging.... and every day it is reduced further.
Ann: Darlot Drilling De-Risks FY25 Mine Plan, page-4
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