Ann: Letter to Shareholders re EGM, page-16

  1. 1,001 Posts.
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    @manza - I agree with your comments above.

    To add to that, much of the processing plant has been simplified and optimised - as announced on 12 September 2023 and in project update from 16 April 2024.

    Processing plant optimisation includes:

    • Two processing trains reduced to one
    • Four HPGR units reduced to three (including on small HPGR for regrinding)
    • Energy usage reduced by up to 30%
    • Pebbles sufficiently competent to serve as grinding media

    Therefore lower capital and operating costs in processing when compared to previous design.

    Image below showing previous and simplified process which is now BFS ready.

    https://hotcopper.com.au/data/attachments/6221/6221154-cb0e5c4f93a664185bd2c25d7fcc80a1.jpg

 
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