While it is positive to see increases in reserves at both locations, I can’t help but think that this has been announced as they are significantly behind schedule on mining the main pit… so we need a “good news story” about where they are currently mining to offset the delay, as well as providing an excuse for when they don’t achieve the targeted output for 2022 e.g. we have been focusing on Viper due to the great resource increase we found etc.
This also isn’t the news/update that most shareholders have been expecting, and the silence on the demerger progress is deafening.