Hi Nordesmic,
I agree. This is excellent.
Reserves have increased 17% for RRL and Resources 7%.
Importantly, as you state, the grade of Tootheys @ 1.61g/t is much higher than the Duketon global reserve grade of 1.09g/t. The displacement of lower grade ore over the next 4x years will add 30k oz of production to the profile.
I would think that a very high percentage of this incremental revenue (A$51m p.a. at current spot) will land on the bottom line as the mining/ milling costs will remain the same and the additional trucking distance is only 2.5km.
Market yawns.
Cheers
John
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Last
$4.12 |
Change
0.020(0.49%) |
Mkt cap ! $3.113B | |||
| Open | High | Low | Value | Volume |
| $4.05 | $4.12 | $3.95 | $10.22M | 2.501M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18436 | $4.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.13 | 38050 | 4 |
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| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| RRL (ASX) Chart |