They did encounter talc issues which delayed the primary high grade stopes previously which thwy communicated in previous releases.
When the primary stopes cant be mined then the seconday ( stopes adjacent or above/ below is delayed ) for safety and operational constrains. Remeber they already have 2 Recordable insicents this Q.
So ,instead they mined the CFB for tonnes to compensate this but obviously the grades in CFB is lower than Area 5 which resulted in lower overall tin produced.
Now ,if you look at the Tin mined figure 185k this Q Vs 190k previous Q then its a difference of 5,000t which translates to a days worth of production haulage and insignificant by all means.
So the Area 5 high grade stopes are still there and will be mined Q2 i.e currently being mined with ~2% Sn.
This will show up this Q and with Sn price marching towars 50k Aud we are well setup to reap all the benifits.
Interesting to note that last Q they produced 2,700t Sn so they are still in track to get 10,000 t Sn / annum even with this Q's 2,272 tin produced.
MLX Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
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