Ann: Maiden Reserve at Bulletin to drive step-change, page-142

I expect 15,000 ounces for Q3 FY24. Do you agree with the below expectations for Q4 FY24?

Cash inflow:

Klondyke:
510,000t x 0.85g/t Au x 95% recovery = 13,300 ounces

Blue Bar:
90,000t x 1.9g/t x 90% recovery = 5,000 ounces

Total ounces: 18,300 ounces

8,250 ounces sold at hedge price and 10,050 ounces sold at spot = average gold price $2,850

Total cash inflow: $2,850 x 18,300 ounces = $52M

Cash outflow:

Operating expenses: $37M (costs savings in mining Klondyke offset by extracting Blue Bar)
Debt obligations: $8M
Other: $4M

Total cash outflow: $49M