Ann: Pre feasibility study update , page-20

Pete,

The BFS might take less time. I believe Tony had quite a few options to evaluate as part of the PFS, increasing complexity and therefore time to finalise. The BFS will narrow this down and if the preferred option is relatively simple in terms of process and engineering then it could be quick.
Further, the JTC might be keen for access to the low impurity ore ASAP (or when Cockatoo finishes?) in which case the need for something 'bankable' might be less important so long as they're confident and are willing to secure the funds.

The way I see it.
The value of the deposit and ability to produce a saleable product is not in doubt.

The value creation process is now about 'de-risking'. The PFS will be a mojor de-risking step as it will for the first time lay out all the pieces so we can see how this deposit will be developed. Up until now we've seen various pieces of the jigsaw at various times but never the full picture.

Looking forward to the next couple of weeks.

Stu