Ann: Quarterly activities report, page-7

Agree with you PC that the production figures out of Plutonic are really good. I said yesterday anything around 6700/month would be a win and they have hit 7300/month. Key thing is really about their capital costs and how much of them are one offs and how much are ongoing.
Table 3 shows cash operating cost of $2091/oz and 2321/oz for Plutonic and Henty respectively. So those base costs remain pretty much unchanged at around $15m/month for Plutonic and $5m/month for Henty.
Add royalties and rehab, you get AISC of $2168 and $2477 which is all pretty good.
The AISC gets blown out though with the sustaining capital cost. I'd expect that expenditure to decrease substantially going forward as they did procure a lot of new equipment in the second half of 2023.
It would have been nice for them to give some indication on expected capital costs in Jan-Mar Qtr so we could better assess their likely future performance.