This is a welcome update, although I think it's only due to the recent drop in SP. I would have considered it likely for this to have been reported in the update, penciled in for this month.
Possibly they've had to notify the ASX about it as it's considered market sensitive.
Good grades reported here.
Consider that a copper cut-off price vs economics is somewhere around 0.18 to 0.25, lets err on the conservative side due to the current price of copper and take 0.3%eq as our break even, (for the time being), our grades are running 0.3 to 0.5 minimum, with grade updates coming in at 4 or 5 x that.
This temporary drop in Cu price is due to a current stockpile due to issues outside of our control, and will tip the scales back soon enough.
All over, a good announcement today.
XAM Price at posting:
7.1¢ Sentiment: None Disclosure: Held
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)