Some pretty significant changes in this.
"The updated Mineral Resource represents a 21% reduction in (-291,000oz) in total contained ounces, compared with the
estimate at 30 June 2022 as a result of both mining depletion (81,000oz), Klondyke Open Pit Mineral Resource remodelling (181,000 oz) and a previously announced (September 2022) reduction in Blue Spec Resources (29,000ozs)"
and
"The updated Ore Reserve represents a 26% reduction in total contained ounces, compared with the estimate at 30 June
2022 (517,000ozs). The main change is in the Klondyke Open Pit Ore Reserve which has reduced from 371,000ozs to
138,000 ozs. The reduction is a combination of mining depletion (82,000 ozs), re-modelling (46,000 ozs), re-classification
of peripheral lodes into the lower class Inferred Resource category that cannot be included in the Reserve statement
(54,000 ozs) and pit design changes (50,000ozs). The design changes relate to the reduction in size of the eastern extents
of the open pit. Grade control drilling is now occurring in these areas as it is believed this additional drilling has good
potential to bring a portion of the ounces back into the Ore Reserve".
The Production profile for the remaining 7 years is also telling.
* The Haoma JV is required just to reach 70,000 oz this year and next. Maybe 90k oz in 2026
* There is no projection of 130,000 oz annual production in the modeled periods.
The upcoming quarterly is probably not going to look very flash.
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- Ann: Annual Mineral Resource and Ore Reserve Statement
Ann: Annual Mineral Resource and Ore Reserve Statement, page-3
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