It isn't that simple to read. The 90% recovery in the SS was related to mining recovery, i.e they allowed 10% loss while digging it up.
What we do know is we have 90,242t of ROM ore grading something like 19% Zn which gives us contained metal of 17,145t
We are producing 28,250t of 50% Zn con and 6,950 of 30% Zn mixed con. This gives contained metal value of 16,210t
So recovery by deduction would be 94.50%. However in saying that, that seems incredibly high for how low capex our operation is, so I am not entirely sure on that?
Maybe this new module is intended to turn lower grade ore into 50% con rather than mixed con increasing payability?
SL1 Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held