Still @ploughing the same furrow...SLR Deflector - very narrow...

Still @ploughing the same furrow...

SLR Deflector - very narrow orebody implies high cost but that has already been explained to you. The Defector (800ktpa) costs in quarterlies etc. include Rothsay (200ktpa) costs. Rothsay is about 85km from the Deflector mill so ore trucking is included in the costs for Rothsay.

RMS Penny - narrow orebody at about 4-5m, low production rate at about 200ktpa means all costs are high due to overheads and trucking ore to the mill.

G1A Abra - comparable to Antler in scale and mining method, DFS mining cost = US$39 per tonne, Q3 2023 mining cost was roughly US$54 per tonne.

and @BaltasarG says "Your attention to detail @plough is excellent".


G1A shares suspended:

- site was near to hitting its production numbers but is still building up - costs will be higher
- grade was 5.5% Pb vs 8.1% Pb in DFS - access gained in the last quarter to the core zone where grades are higher
- they got to the cash flow pinch point and got pinched rather than squeezing through

mining cost in DFS = US$0.22 / lb + AU$58.4M in sustaining capex = US$39 per tonne

mining cost in Q3 2023:

total C1 cost = A$40.7M
sus cap = A$3.7M

mining cost = 40.7 / 2 + 3.7 = A$24M - assumes mining is half the C1 cost as per DFS

ore mined = 293kt

mining cost per tonne = 24 / .293 x 0.66 = $US54 per tonne