Just having a quick look, everything on both mines looks very positive and going to plan. The millions are definitely flowing in now, and the processing is taking place at a prime time in the gold market when we are likely going to be around $5000aud minimum for all of 2025. Huge profit margins well above the $3600aud originally modelled. One slight negative was the deeper ore and slight timeline blow out at Phillips Find. However this actually seems to be a blessing in disguise because it has allowed us to source another mill for that section of tonnage and no doubt with a much better deal for us given how much gold prices have risen since the initial deal with FMR. Grade increasing with depth is a huge bonus and the other positive is areas which were once deemed uneconomic are now being added to the circuit due to the current gold prices and the availability for processing with the additional mill.
Great update and good to see management very transparent. Describing the production updates in a balanced manner!
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)