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Ann: Development Progress - Lindi Jumbo Mine, page-5244

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Names little

18,171 Posts.

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25/05/24

20:56

Post #: 74009221
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Originally posted by Croc-file: ↑

Hi names little it’s not about wasting material…It’s about raising the grade to maximise potential

By raising the grade lowers the throughput to deliver 40,000 tpa

A 5%TGC simply implies that the plant capacity is reduced by 4 times the throughput…This would increase the CAPEX significantly for zero economic benefit…Then we have the extra costs associated with the TSF

Quite frankly the right size concepts have been chosen where the project potentially returns an IRR of 119% and then has a reserve stockpile with grade from 5-10% TGC free dig

You guys are trying hard to destroy credibility of the project but really have very little substance of support…

Regards Croc (Only quality projects can raise the cut off grade…)

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Hi Croc, I have no qualms with the economics of processing higher grade material over lower grade where possible, It just amuses me how different quoting (eg reserves vs resources) can give incorrect impressions as can cut offs and how low grade is treated.

All the best.

WKT Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
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