This is one of the biggest Qtrly updates Atlas has put out. Outlining vision to ramp up to 46mtpa... massive!
As stated above there are couple of things that relate to Altura in it.
Firstly it looks like MtWebber although part of 'Horizon 1' isn't going to get into production as quickly as I would have hoped with the feasibilty study still 5 months away, so production still at least 12-18 months away you'd be thinking.
But on the plus side there is a little snippett of info that is very juicy that I've hinted to before - Higher output from MtWebber.
Previously they have stated they see MtWebber as a 3mtpa operation. But in this qtrly they state
"Whilst still subject to further engineering studies, the Company envisages crushing capacity in the range of 4-7Mtpa pending the inclusion of ore from an early start-up at the McPhee Creek"
In that I read they are looking to get more production capacity out of MtWebber..... maybe 4mtpa all up.
Which would be a 30% increase on previous statements. Either way the 3mtpa is a given.
DYOR
AJM Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
