3.5MOz without the significantly higher grade Begnopan, Baffia, Niamienlessa and Herman results. Great result.
PFS now delayed to 1H CY26 despite guidance 3 weeks ago that the PFS would be due in 2H CY25. However makes sense as they will update the resource again before end of of CY25 to use for updated PFS.
Targeting 5-6Mtpa which, working with the current 3.5Moz resource at 1.2g/t would be targeting a 190-230koz annual production.
Does anyone else think is awfully disingenuous the Board is asking for shareholders to vote, in 11 days time, on performance rights (Tranche A) that vest on a 4.5Moz resource before these results were in the public eye? 2.5Moz by 27th August 2024, 3.5Moz by 5th May 2025. (Grossly) Assuming a linear ounce discovery rate, 4.5Moz will be reached by January 2026.
Why don't they have more than 3 rigs turning???
TCG Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
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