AAR astral resources nl

Yeah landed as expected (to me) - I think we converted a lot of...

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    Yeah landed as expected (to me) - I think we converted a lot of the old MRE to indicated, I think most of the additional ounces would be inferred. The drilling at Theia added some mineralisation below $2.5k pit shells, which by virtue of moving shells to $3.5k would likely be included. But that means inferred is likely towards bottom of pit is my understanding. That means we can probably include some of it in the back end of the mine plan.

    I think we should get PFS inventory of at least 1.2Moz

    Iris has 68koz indicated and wasn't even included in the SS. Theia, Hestia and Eos all improved in terms of usable ounces.

    Then there is some ounces from Fayesville that probably sit in there somewhere.

    This was nice to see - some really good ounces to help smooth out some low grade stuff

    https://hotcopper.com.au/data/attachments/6917/6917255-6001ffd21ba05930952c97276a2500c3.jpg

    MXR also have a nicely developing paleochannel across the fence that has no MRE around it currently.

    I expect PFS to be a good step-change from the SS, but the DFS is where we can make some real strides. I think we can probably push for a 3Mtpa plant and add some MXR higher grade ounces in and drive for more like the 125-130koz production profile than where we currently sit.
 
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