Ann: Tomingley FY2024 Production Update, page-13

they mined the highest grade lense in June but still expect them to do very well moving forward. grades may fall a bit but volumes will make up some of the fall in grade so we should see healthy cashflows.
also, I don't expect them to take more hedges as they can offer their puts as collateral to borrow the money for the expansion.

what now matters is the SS to show good returns on the 20Mt plant option - this is the one that will attract JV partners.

and moving forward they have to align their drilling activity with a broader growth strategy - growing their exploration portfolio. and couple of JV with promising juniors that will cost them around $2.5m each for the initial 2 year investment to test the ground while taking 50% stakes in the projects with 75% option to progress after completing the initial stage.

and really hope it will not be 7-8 months waiting to see 2-3 follow up holes at Driell.