Ann: Ord Minnett Small & Mid Cap Mining Conference, page-2

I wonder when RMS will provide an updated guidance for FY25.... and an updated 3 year LOM plan like they did in Jan 2023. We are due for one, but instead RMS provided a 10 year plan for only Mt Magnet.



RMS basically has to move soon, or they become a single plant operation. They have admitted that Reb/Roe is still a way off (3 years minimum is my guess to first gold pour). RMS will be a 166k producer at that point.

RMS are trying hard to show the market that the 'tail' at Mt Magnet could be bolstered by Eridanus open pit expansion, which could then justify expanding the plant.... I find it interesting they are happy to provide a figure for initial capital for the U/G, but... not what the stripping would be (I am fairly sure it will be huge.... just look at all the lower grades on both sides of the pit before they get down to higher grades).


Reb/Roe looks to finally have some news next quarter, but, they also have a drill plan for FY24 which is still ongoing, so.... slow moving target?



I guess they won't crystalize the closing of Edna until after they have done whatever deal they hope to stich up....
Such a shame they were not able to find any new ore sources for the plant, as it is a credit to them they have been able to achieve what they have from an asset that was almost given away.