Ann: Change of Director's Interest Notice, page-21

Thanks for the two presentations. Taking the first concerning operating costs that might be appropriate over the next three years. I'm allowing $280mil/pa that works out at $70/wmt - it would seem they're guiding towards constant production of 1Mt/qtr over the next three years but it would seem shareholders have to wait until the results for FY23 are announced in late August before being guided on forecast costs.
The slide I believe you refer to is below - I think the appropriate years to look at are Year 3 & 4 - the total costs in Year 3 are $188.6mil(4.6Mt shipped x A$41wmt) and Year 4 are $187mil(5.5Mt shipped x A$34wmt) - important to understand that the balance of mined tonnes not shipped is capitalised to inventory.
So these total costs in Years 3 & 4 of around $187.5mil/pa are similar and I would say they are representative of what MGX is likely to incur going forward. I'm currently allowing total costs of $280mil/pa or a 50% increase on the above costs projected in 2018 - the question is have mining costs increased by this percentage over the last five years - I think you'll find they have but can accept an argument otherwise - I'll be waiting until late August following guidance before reducing my projected costs.

Thanks for the slide on mine life extension targets as below which is interesting - but haven't they been quiet on this since then? Maybe the resource definition drilling referred to got put to one side following the fire.