"Crusher circuit utilisation for the quarter was low at 47%."...

"Crusher circuit utilisation for the quarter was low at 47%." This might be the main reason the company went for contractor only.

And it's good to see we didn't have the same issue in April. Hope the contractors can keep up the good work to maintain the same performance.
"Significant progress was made in improving the crusher circuit performance throughout the quarter, with throughput and utilisation meeting mill requirements in April."

When the crusher circuit meets the mill requirements, the grade won't be diluted by 0.5g/t stockpile.

"As mining progressed through the top of the orebody, proximal to the old open pit void, a reduction in the anticipated grade has been experienced. As the pit progresses deeper, the impact of the historical void is reduced and eventually eliminated beneath the 300mRL. A recently completed 4,800m grade control drilling program will enable more comprehensive wireframing and estimation for the balance of the reserve in pit. These two factors should result in improved mined grade over coming quarters."

I think it's very realistic to think the mill feed grade to be over 1g/ton in the current quarter given it was 0.85g / ton from Greenfields open pit.

Also it's good the see the recovery rate has improved a bit from 87% Dec quarter to 89% March quarter, even though the average grade is lower. When the grade is higher, normally the recovery rate can improve further.

The development is complete now and gold price has increased 10%+ comparing to last quarter. We probably only need to increase the gold output by ~1.2 Koz to become cashflow positive.