MLM have a resource of 53.5Mt which comprises of mostly measured and indicated resource. The mine life was 25yrs based on a 1.8Mtpa operating capacity.
Now we have a potential (indicated) additional 12Mt of resource, so a ~20% increase in resource. Begs the question, what is the optimum plant rate for most economic mining / processing of the resource - DFS will sort that out, nice addition for the company
PFS:
Current MRE:
Newly Defined:
