Ann: Quarterly Activities Report, page-32

torpedo

I have now listened to the CC, very worthwhile, and its clear that JW sees the target recovery rate for sulphide ore as 85% (but hoping to get a bit higher, I suppose) once Project 85 is complete and they process only the underground ore which is higher grade than the current blend. However I think he mentioned they expect to progressively increase the recovery rate before reaching that target, initially to the 80-85% rate, and I think the lower rate would apply if they were blending the ore with lower grade current stockpiles.

Some pretty interesting ideas mentioned about potentially expanding Syama sulphides gold production - could be a game changer, but its too uncertain and some years away, probably 4-5 years away so the market will not factor anything in for that at present.

loki