First step towards adopting TMT's flowsheet, at least for the first 10 years..
Don't think they need to continue mentioning TMT's 'landlocked' yarrabubba deposit. I counted three times this was pointed out... We're all one company now, we don't still need the benefits of merging pointed out at every turn. Maybe once to highlight the best aspect of TMT's mine and development path is now being expanded and confirmed via testwork. That sounds better.
Anyway, good announcement, an updated reserve for this material will be even better..
Sounded a bit like they were hinting at more drilling required?
If so I put that squarly on Vince.. Good for recognising the Southern block was the key to success after TMT proved it for their block, but then obviously didn't undertake a sufficient drill program in 2022 to define what needed to be defined, if Graham is needing to go back in there.
This work now though is the key to getting the project off the ground and fast payback... The QLD deposit or whoever else you think is our competitor, they don't have a ticket like this to greatly improve early year economics, so I don't want to sound like I take this announcement as anything but a positive for the project overall.
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