Thanks. Somehow I'd totally missed that table on first read.
So CAPEX is a total of $58m. The $20m is defined as OPEX, and offset against pre-prod gold sales, so presumably a chunk of the Copenhagen deposit is lower grade and can be processed through the main circuit, with the $17m project profit offset against the sulphide circuit and Blue Spec CAPEX.
Ann: Maiden Blue Spec Reserve underpins expansion for Warrawoona, page-13
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