The reality is that you need a 3 million tonnes per annum (mtpa) plant to efficiently mine low grade material.
Our 1.2 mtpa plant is however a good size to process and blend higher grade ores.
Luke and team have quite prudently realigned everything on the reserves/resources front to focus on mining grades at least 1g/t higher than current.
That higher recovered grades will fall straight down to the bottom line.
Callion, Siberia and Lady Ida (all high grade 10 g/t sniffs) will likely be mined differently to focus on minimum grade dilution.
The Red Dirt guys to our north have been getting 15g/t gold up at Mt Ida lately.
Unfortunately, previous Davyhurst owners never had the spare cash to explore a multitude of high grade near surface (and plant) targets.
At 1.2 million tpa plus throughout, this project must have genuine potential to spit out serious amounts of quarterly cash flows.
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