Ann: Iron Peak Mineral Resource Significantly Improved, page-6

Did anyone NOT READ this?

1) "Taking advantage of this new information, we have now commenced work aimed at processing high-grade Iron Peak mineralisation into the critical first years of the production plan. Processing higher-grade (i.e. higher mass recovery) mineralisation translates to lower mining and processing volumes for a given concentrate output. It also increases the likelihood of achieving target concentrate grades, including premium-grade products suitable for feed into Direct Reduced Iron (DRI) facilities..increasing net present value (NPV) on a discounted cash flow basis, and shortening the capital payback period...."
2) Open pit mining = on surface + low strip ratio + open strike length
3) "Based on this new information, MGT’s mining consultants have commenced new pit optimisation modelling and plant feed sequencing to assess concentrate production from Iron Peak mineralisation in the initial years of the Project life"

That is massive news right there. Iron peak will be where our ore is source from in the early years of production. IRON PEAK here we COME!!! What a way to entice strategic partners. High grade + high NPV + lower processing cost due to purity (lower opex) + short payback period + >69% (world class) with 3% impurities + scarce product.

Great work MGT team!!!