Ann: Final Boorara Toll Milling Campaign nets $1.2 Million Cash, page-3

So about 7800oz under tolling arrangements produced $1.2m FCF at about ~ $1680/oz AISC. So a 1moz resource would produce ~ $128m FCF under same POG conditions and tolling arrangement. Consolidated BFS see what the estimate AISC comes to (expect to better than under tolling arrangement), but it also stresses the importance of MRE upgrades as an important milestones for HRZ.

I hoping to see Boorara MRE upgrade from 500koz to 1moz and Teal MRE upgrade to add to HRZ resource base. What the trial production shows that HRZ resource is economic under tolling arrangement (expensive option) at the current POG.