Here is Red5 cost for 4m tonnes pa processing mill. $188m.
And mind you that’s for a mill with 6m tonnes capable tanks and crusher. The contract was awarded in 2021. Costs have gone higher now. So let’s say for 1.8m tonnes around $120m.
keep in mind Red5 mine is UG under excesting pit. But it’s underground nevertheless so substantial cost for that included in overall $226m. Thoughts.
Ann: Manna Lithium Deal to Fund Gold Focus at Lake Roe Project, page-128
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