Ann: A$80m Fully Underwritten Equity Raising to Accelerate Explor, page-18

First image below shows the Location of decline and portals.

Second image notes they will not be utilising the fill 2.5mtpa capacity, looking at multiple restart scenarios, low cost options being considered to optimise existing infrastructure. I noted the comment that previously one of the lowest cash cost processing infrastructure in the Murchison area.

In addition they state starting the decline will offset future capex requirements and reduce lead times to production.

IMO their strategy is logical ie makes sense - do more exploration while creating the decline (no point in wasting time doing the decline and no exploration) while looking at various restart options.

Also noted they are only looking at a NN MRE update this quarter not the other deposits.