Ann: Development Progress - Lindi Jumbo Mine, page-7153

The plant also requires maintenance and management. The plant is designed to produce 50,000 tons per annum at 18% TGC 1000 tons per day throughput life of mine with zero CAPEX requirements. For a cost of US$2 million dollars they can expand to 60,000 TPA

The tweets coming through of late have indicated an increase in recovery rates greater than DFS commissioning projections and ore feed may have been from higher grades. Hundreds of tons have already been bagged all within specifications and notably this was the development ore not ideal for processing…

The development stockpile initially was valued at US$3-4 million which has all now been processed…Tweets confirmed premium pricing was being achieved compared to Chinese markets…Once the product is loaded onto the ship 80% of consignment value is required to be paid via the Wogan agreement…

Spid81 has indicated he can not wait for the next update which also aligns with shareholders views…Should be a pretty reasonable update now the plant is being dialled in..Throughputs will only increase when they are satisfied the all sections are tuned in allowing for extra capacity…



Regards Croc