Ann: Quarterly Activities Report, page-2

As we expected, no sales in the June quarter. What is interesting at full production at 110 bags per day the cost of running Lindi and servicing the loan could be as low as only 12 days out of the month. That leaves a lot of room for good profits. Amazing.

At realised basket prices of $900-$1300/t of concentrate, the operational ‘break-even’ point for Lindi Jumbo is to achieve between ~1,000t - 1,500t of concentrate production per month. We expect to reach that level
of production in Q3. With the extended grace period for the senior debt facility to 31 December 2024, the debt servicing break-even level of production is between ~1,300 & 2,000t per month.​