Ann: AGM Presentation, page-4

Good pick up. It was a possibly sensitive topic I pussy footed around (perhaps unnecessarily so I will give some more detail below).

Check the wording and recognise my paraphrasing happens throughout such summaries. At times comments are made at meetings which I do not ask permission to repeat on HC. It is up to me to decide how to paraphrase when I suspect such might be the case (wasn't certain about the above). On occasion I have been asked to not mention things - rare.

No real secret that Bindi is the big one. If it flies the rest can as well. At the moment they cannot really justify Dasher even though the higher grades would be helpful to early payback. A separate pit entails a lot of extra costs; permitting, land access agreements + capex/opex that need to pass the economic calculator and don't apparently make the grade at present. Don't have to as Bindi can essentially be a standalone for up to a couple of decades if the stars align. During that time period Dasher can be added, if feasible, and others brought up to see if they can meet development muster.

The above came out of a simple Q about the exploration potential. Good (AC) but need a significant size deposit to make it economic. This led to some geological arm waving about district scale geology. Ninan is a Cu/Au perhaps VMS related deposit north of Bindi but along the same trend. Why? Perhaps the southern more porphyry style deposits are on a down tilted block? Shallower epithermal/VMS in north and porphyry in south as a simplistic model.


Terminology can be very important.
You say "Updated PFS". Wish it existed already but that is what all the work this year is about. Upgrading a couple of Scoping Studies which are nominally +-35% accurate (CVV's were likely more detailed but fell foul of a strict guideline) to PFS (closer to +-10% need to check this).
Some others just to be pedantic/thorough.
Ore/Waste Ore can be mined at a profit. Waste cannot. Commodity price changes and a myriad other things can convert one to another.

Resource/Reserve less certain/more certain according to written guidelines. Ditto Proven and probable. I have a lot of difficulty understanding these which are the realm of resource geos for the intricacies.