Ann: Expiry of BMCG funding facility, page-397

Hi Sparecash,

Where are those drill results to back up WKT's claims?

That is a very good question, Did you know WKT stated in the announcement that you provided earlier, it details WKT needed to commence grade control drilling (hasn't occurred)

To answer your other question from your post.

You have misread WKT 3-year plan table.

the green line represents the grade for 2023 vs the red grade from 2018?

You also failed to understand the waste WKT needs to remove. they need to remove around ~60kt of waste per month for 20-30k tonnes of 15% TGC ore.
You have assumed WKT will be mining in November, Although this is incorrect, the first date WKT expected to commence mining was in December



The solid colours grey (Ore) and orange (waste) are the updated 2023 mining material. The bars in blue and Orange are the outdated 2018 data.
As you can see, WKT will be moving less material over the first 3 years (as detailed in the updated mine plan) although the material WKT has saved from mining in the first 3 years, needs to be removed in years 4 onwards (no cost savings)


The IRR report detailed the life of mine OPEX was US$420 per tonne the costs associated over the first 10 years (including the first 3 years) will be significantly higher than the life of mine OPEX due to the significant overburden/waste WKT needs to remove