Phenomenal results.. and to think this was done with just 150kt milled for the quarter. With 21kt of ROM at Federation (8.6% Zn, 4.4% Pb, 1.3g/t Au), a further 6kt of Fed ore at Peak and Fed ramping with second jumbo now active i think that will be the last quarter milling just 150kt... and I would suggest this mill is now going to be choked with ore and run at full capacity (200kt per quarter, 800ktpa).Guidance maintained (100-140kt with 54kt YTD) and commerical pdn expected to be declared by Jun 30.
The difference between running the mill at 75% capacity (150kt a quarter) and 100% capacity (200kt) will be huge in cash flow... especially as establishment capex at Federation winds down. I just hope this plant expansion happens ASAP so we're converting the ore into cash and not stockpiling it... looks like its ~12mths away based on below... I also note the Fed ramp up is pushed in FY27 now... so slower than expected
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Ann: Quarterly Activities Report - March 2025, page-3
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