I’ve actually responded to a lot of the point you raise here in another posts.
- Antipa can apply for a part 4 approval for Above Water Table mining which is a much faster approvals process that the Havieron below water table submissions which is still a couple of years away at best (an only for 2.8Mtpa)
- The Havieron expansion case of 4-4.5Mtpa production rate refer to in the prospectus and presentation requires a new approvals submission with the EPA. This will likely required the exisiting approval to be finalised before it can be lodged so 1-2years before it can be submitted at the earliest.
- At this point in time the havieron decline may not be on critical path (as the approval process is probably the critical path constraint) once the approval is granted then decline development will become the new critical path activity.
- Project delays: originally planned for first ore in 2024 now pushed to 2028. This is a 4 year delay at best.
- “Havieron is a dry mine” the hydrogeological report in 2021 and Worley updated hydro assessment in 2024 categorically contradicts this (and it’s Greatlands own study) an Unconfined Aquifer suggests that this is a very wet mine
AZY Price at posting:
78.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)