This is my assumption as well, which honestly makes phase 1 look great.
With further results regarding the Oxide component in conjunction with the 77,000t of recoverable heap leach copper, stage 1 is effectively a 10 year LoM with phase two looking to extend this by a further 30 years.
With Copper sitting at $4.43lb and C3 costs of $2.82/lb, phase 1 should now produce $1,236,000,000 AUD in free cash flow . Not bad
Ann: 28.4% increased Nifty Copper MRE to 940,200t copper metal, page-79
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