E25 element 25 limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-111

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    The official view is to only count the life of mine on the [email protected]% of reserve. Nameplate requires just over 1Mt/yr so the mine life is somewhere around 50 years.

    In addition to the reserve there is a further estimated 212Mt that that has inferred status and hasn't been drilled sufficiently to improve the status because there is little point spending money to do so at this stage. This takes the total resource to 263Mt@10%. If this larger figure was used for a life of mine estimate (which isn't technically correct to do) you are looking at >250 years.
 
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