"For over a year, corporate costs have been hovering around...

"For over a year, corporate costs have been hovering around $2.5m, but now slashed to $286k. Are these real savings, is it even feasible to reduce costs this much and this quick for a 700+ person multi-country company, or have they simply accounted for these costs in a different way?"

yes the company should have commented to clarify this, but the change is clearly related to work in progress like Metal Genesis, which KWL said has a team of 70 odd, being reclassified; @rlee84 even highlighted it here:



this looks simply a reclassification likely related to, & in preparation for, IPO'ing LS. (the number crunchers doing their magic to potentially minimise our CGT if we make bank selling some of our LS stake, & tidying up the financials)