Ann: Mt Magnet and Edna May study updates, page-4

Agree, the numbers more than stack up for Galaxy, though... I am interested in the real reason for bringing it forward 2 years?
They don't have more processing capacity (the plant upgrade is not going ahead), the grade is high like Hill 50 will likely be, it will simply displace open pit ore, so.... what really changed? I am inherently biased, but.. I wonder if this ore will go somewhere else (@Joelstar) but I won't mention where as I had said it too often on these threads!.


In either case, now that its been brougth forward, are we going to see a new mine plan, with Mount Magnet having higher grades?

An extra 200k in reserves is a nice boost either way you look at it.

Hill 50 grades look much better than Galaxy, though they are looking at ways of mitigaing heat, with battery operated vehicles etc, so I am guessing that costs, whilel lower than Galaxy U/G, are not going to be anywhere near Penny's U/G AISC.
Could still add another 150k in reserves later this year and again, be brough into the mine plan to fruther boost Mt Magnet production/grades.

Morning Star U/G


Basically, once the open pits are finished, they will do some more drilling.

As for Edna May, slowly moving closing to a final decision, though still some permitting to get done, which... while they confident about getting, can... drag out. Without doubt, RMS would be a lot happier if POG is higher, easier to push the button.
I wonder if MZ even kicks himself for not going ahead with Stage 3 years ago....