.2g/t is the cut off, .54g/t is the overall grade. Ian Bamborough has variously stated a 10,000,000 tonne per annum operation when in full swing. Remember this would be from the single Apollo pit. 10,000,000 x .54grams x .77 (recovery) / 31.1035 (troy ounce) gives you production of around 130,000 ounces per year.
Have a look at this interview (google "Saturn works dual-focus opportunity" on YouTube) This is only a few months old where Ian talks about de-risking the project with the pilot pit* (hopefully next year) and mentions the 10 mtpa figure (as Norsdemic mentioned above).
*I think they are aiming at a production of 14,000 ounces from the Pilot Pit.
PS ... Ian does respond, well he did, to emails and the like. Absolute gentleman.
.2g/t is the cut off, .54g/t is the overall grade. Ian...
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