Ann: Australia's Newest Copper Producer Presentation, page-5

Double entry messaging.

"we will begin to actively grow the mine life and the annual copper production profile" Sounds like a very material increase in mining inventory is on the way..

Fault causes material reduction in mining inventory? There is only 1.3mt of inferred resource for Kavanaugh which 19% of the MRE , and only 4.5mt 65% of the MRE is used in the Mine Plan.

They have already shifted the planned decline to the north to capture the unexpected gains in Spitfire.

Kavanaugh's loss will be K deeps gain in spades.


Double entry Accounting.


Being an optimist I think the double entry accounts once the exploration of the targets is done will read.

Kavanagh MRE minus 1 mt to plus 5mt
Kavanagh Deeps New MRE plus 50 to 80 mt and that's a lot of feed for a >3mtpa plant.