Low grade headline but it’s near all the existing infrastructure. has some high grade within it. It’s still large, but more importantly all combines together for the blended copper hub. Note we are now talking about expanding from 500ktpa to 650ktpa. Oak Dam likely the fit there. And the deposit still being explored.
Need federal labor to roll off and remove these horrid IR laws to make Australian expansions like this more competitive. In its current form SA copper ROE is terrible and lowest bar none across the portfolio, albeit a bright future if we expand it.
Ann: BHP FY2024 Results Presentation, page-3
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