Ann: First production delivered on schedule at Kathleen Valley, page-128

I posted on getting to nameplate in these posts on 6 April 2024:



Infact they appear to be getting there earlier to when I felt they may achieve nameplate - but not that much earlier - this is the beginning post in that sequence: Post #: 73216338

This post may also help: Post #: 73922761

What in effect they are saying IMO is they are going to blend/sort/configure/optimise the process etc and make sure they get the optimal approach to achieving the production capacity at nameplate - so I would suspect as part of that they will tinker with the exact grade of concentrate they want to produce - i.e. should it be 6% or higher for example.

They have done the METs and so want to determine the exact WOF setting they want in achieving optimal revenue through an appropriate recovery rate, output and production costs. The MET settings in the past showed they could produce well above 6% grade concentrate at an appropriate recovery rate.

In addition to that, as we know LTR has been stockpiling some ore, and that ore IMO probably is not of the grade they will encounter in the underground sections in the next 12 months. So an aspect to optimisation could be also how you blend this ore with the higher grade ores you encounter in the underground sections over the first 12 months or so.

There is nothing in the announcement that is not akin to how you see ramp up in projects to nameplate and then moving to your optimal optimal utilisation points over a period of time - here looks like 12 months or so from here.

If others have a view please share.

All IMO