Hi Marcus,I would think its unlikely due to the extremely low...

Hi Marcus,

I would think its unlikely due to the extremely low CAPEX, it is more likely upgrades to the existing facility to allow the inland strands to be processed.

With the existing 2.4M tpa capacity, it is likely MRC will source feed from the Inland strands 1.2Mtpa @ 30% THC = 320ktpa (commencing in September -4 months this FY = 106 ktpa) and the northern beaches 1.2 Mtpa @ 13-23% THM. = 156 - 276k tpa = Total annual production is likely to be 262 - 380k tpa of Total Heavy metals.

MRC's December QTR report indicated the annual production for 2022, would increase t0 294-359k tpa and the mining of the inland strands would recommence in September. (inline with todays announcement)

IMO MRC will move to mining only the inland strands in 2024/2025, which will give the Tormin and Northern beaches more time to replenish.
Mining only the inland strands at 2.4M tpa @ 30% its annual production is 630kpta of Heavy Metals, If you compare this to 2021 production of ~250k tonnes of finished product (Garnet, Ilmenite, ZIrcon and Rutile) it is a significant increase in production.