Ann: C4 Iron Ore Deposit - Stage 2 and Production Update, page-79

The good news is the next one is already on route to Geraldton.

DARYA MA - Set to arrive June 23rd.

If all goes to plan that will be 3 ships in the last 7 weeks of the financial year.

Will be a huge improvement given they only managed 3 for the previous 3 months.

Interested to see what kind of $$$ they are getting including lump premium given IO price is holding up pretty well.

Its still unclear what they are achieving out of stage 2, is it just a continuation after this first 1mt is complete or are they anticipating a further increase in daily out put?

Obviously you imagine they wouldnt be looking to go 24 hours just to pile up more IO at the site if they didnt plan to increase trucks on the road ?

2.5 ships a months be huge. Would need to get up around 4000mtpa for that or a 33% increase.