Hi Speculator, agree it looks a very good quarterly after what we have been accustomed to. I have been trying to get a read on how long Stage 2 at Gilbeys will last.... ie; how long have we got baseload supply before we need to get Gilbeys North or Yalgoo or Stage 3 going? I notice your comment above that you think Stage 2 will last until end 2023?
"So basically, because of the changed mine plan, what you see is what you get whist they mine Stage 2 (which I believe will last until the end of 2023 approx)."
All I have been able to find on this subject recently was this slide from 20 January 2022 AGM presentation which suggested that Stage 2 would be about 12 months;
Slide 8
FOCUS - PRODUCTION AND COSTS
Production
• Quarterly production decreased during CY21 as GMZ Stage 1
depleted in mid CY21
• Ore access from GMZ Stage 2 achieved later than planned due
to rain, mine scheduling and increasingly tight labour market
• Production from GMZ Stage 2 now underway, underpinning
next 12 months’ production
Costs
• General cost escalation seen across WA mining industry
• AISC also impacted by:
– Deferral of Stage 3 cutbacks
– Fixed and semi-variable mining costs spread over lower
mining volumes
– Lower capitalised deferred waste
– Lower June and Sept Qtr production as GMZ Stage 1
depleted
They may have rescheduled some movements or ammended Stage 2 to extend life?
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Ann: March 2022 Quarterly Activities Report and Appendix 5B, page-6
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