WA8 warriedar resources limited

Ann: Ricciardo Delivers Australia's Largest Open-Pit Sb Resource, page-190

  1. 121 Posts.
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    Hi @speculator101,
    Quiet Friday my side so love to read your thoughts as I have discovered you are one of the better posters on this website.

    1. I also agree with the board addition to facilitate/drive forward any sort of funding related talks. I will say this also it is in the best interests of the company not to lock in potential offtakes just yet as we simply do not know how much and grades involved with the Sb.
    Sure, it will be a sweetener for the market to announce but for the long term it is important to at least get the discussions going hence need a full time board member involved with this.
    In my opinion I see no evidence of MC currently doing anything on the board - respecfully said.

    Also, I'm not sure but LRV has signed offtake with the Chinese already - @vmp - yourself or other LRV holders can clarify. I find their forum too cluttered to sift through!

    2. I also like the staggered approach to build up early cashflow and then drill in the background other areas on the Golden Corridor.
    I believe this is why AB is very to keen to bump up Ricciardo ounces as quick as possible along with imminent Windinne Well MRE.

    If I am correct and if my understanding is correct - please feel free to correct me also.

    Currently we have an existing 800ktpa Carbon-In-Leach (CIL) plant awaiting refurbishment costs that can feed from Windinne Well + M1 as well potentially Austin, Bugeye, Monaco-Sprite resources (my understanding)
    1. Assume the CIL plant can take all feed from the above and let's forget about Ricciardo for now.
    2. By some accounts $20-$30m to refurbish the plant. Let's assume 25% contingency means CIL plant costs $40m to refurbish.
    3. Only Measured + Indicated part of Resource included

    From February 2025 Investor Presentation we can see the free milling ore that can be utilised from Windinne Well + M1 + Azure Coast + Bugeye = 145kOz Au

    https://hotcopper.com.au/data/attachments/6989/6989012-241392231c3b642727bb7f24a362bb87.jpghttps://hotcopper.com.au/data/attachments/6989/6989016-10d71a880ab0d27d24b2c9678f765caa.jpg

    Assuming conservative AISC of $2000 for open pit and mid-case Gold price (as per recent LRV DFS of $2850 USD = $4450 AUD)
    That's $2,400/Oz margin for mid-case = ~$350mill cash ($70millyr to $80mill/yr) for essentially a 4-5yr operation with the current plant (my understanding). Have I left anything out?

    Like I said plenty of options and the above is just looking at the existing Gold

    User @Joelstar has also mentioned existing VAU's Deflector Mill and 29M Golden Grove Mill not far away - they are viable options also

    I think the eventual end goal in a staggered approach is something like a 3Mtpa process plant able to do Au and Sb in my opinion.

    Provided we don't get taken out by then
    Hi @damosid88 ,
    Happy for Long Term holders here as they finally see the direction of the company heading in the right direction both directionally and shareprice wise.
    Credit to AB also for listening to retail shareholders amongst the corporate sharks which is rare in itself - this is very good to see and only be good for future.

    Are you able to direct me to Datt Capital's holdings here?

    May have to ask the company for a latest T20 in the latest upsurge in volume the last week or so.

    Regards,
    HM
 
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