This looks about as expected to me personally. 84koz at...

This looks about as expected to me personally. 84koz at Kamperman is right within the range I was expecting. Grade a little lower. The 50koz of indicated is 1.5g/t though. And this resource doesn't include the last hole. I think a bit more infill and the inferred stuff will get dragged up. I assume this will become at least a 100koz satellite and grade likely pushes around that 1.5g/t mark. Good supplementary feed for Madilla.

Thing Big MRE was reduced even though they moved the cutoff because they have changed it to a pit constrained estimate. Marc says in the announcement he knows $2,500 pit shells are low balling but he wants to know costs before he takes on a higher price pit shell so that they can optimize mining. They got the raise done and cashed up so no point doing cowboy shit at this point in time. Do the job right and get us to production.

If you look overall you can move the cut-off from 0.39g/t to 0.5g/t and you lose 5koz at Fayesville and lift the grade 0.1g/t for the resource. It's not about using cutoff to get ounces its about what is genuinely mineable from an NSR perspective.

There is 140koz indicated at Fayesville and I suspect one Mandilla infill is done there will be more than enough to get us to 1Moz indicated. Given these are already pit constrained at $2,500-$2,600 these should be close to 100% conversion to ore reserve.

There will be future upgrade cycles to come but this is on course to be a 10 year 100koz producer. Not many of those left floating around and as Marc always says even less in the heart of Kalgoorlie.