Ann: Butcherbird Manganese Project Operational Update, page-28

I must admit that I'm a little disappointed by the following statement

as it gives no indication about where they are on the journey and could easily be "weasel words". I'm sure everyone has seen them elsewhere but it's a bit like the statement "continue to progress funding" which gets trotted out for other securities and where funding never eventuates.
According to the quarterly they had 20Kt on hand at the end of last quarter and by my calculations they have been producing 15Kt / month. As they are now targeting the next shipment at 43 Kt, it implies that they have only managed to produce 23 Kt in the month and a half up to the breakdown. So no discernable improvement in production. They will be making some other changes (presumably aimed at increasing throughput) but given that they will only run the plant for about 2 weeks at the end of this quarter, I rate their chance of success low, but maybe they can surprise me.
Rest of the ann good IMO and SP reaction really good