MGX mount gibson iron limited

Ann: Mineral Resource & Ore Reserve Statement as at 30 June 2023, page-3

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    A couple of shocks to the system with those figures with stockpiles now included in the reserves figures that has resulted in a decrease in my previous estimated reserve figures. It's also concerning that the grade of the stockpiles is stated at 63.3% compared with the unmined portion grading at 65.4% - the stockpiles also contain a higher level of impurities that hopefully will 'wash-out' when blended with ore yet to be mined.
    I've had to correct my mine life calculations schedule to take into account these figures.
    MGX Cash at bank.pdf
 
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