The announcements about the third XRT ore sorter and the grade from infill drilling both had an uplift from previous figures.
XRT sorter 90% recovery to 95% recovery
Grade Control Drilling .48%wo3 to .65%wo3(very small area)
July is expected to have 40,000+t of ore from the mine so lets run the numbers with 40,000t.
OLD
XRT sorter 90% recovery
Grade Control Drilling .48%wo3
40000 tonnes
40000*.0048=192t / 19200Mtu
19200*.9=17280Mtu -XRT sorting
80% plant recovery
17280*.8=13824Mtu
Convert to 50% concentrate x2 - 27648Mtu 50% Concentrate
NEW
XRT sorter 95% recovery
Grade Control Drilling .65%wo3
40000 tonnes
40000*.0065=260t, 26000Mtu
26000*.95=2470080% plant recovery
24700*.8=19760Mtu
Convert to 50% concentrate x2 - 39520Mtu 50% Concentrate
50% concentrate sold for $167/cmtu
Old Revenue: $4.62m
New Revenue: $6.6mIf costs were $3m
Profit would be $1.62m vs $3.6mIt is surprising how much of a difference these small positive changes can make. Let me know if anything is off.
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