Ann: Tomingley Gold Extension Project Approved, Financing Secured, page-21

Cheers for noting the potential increase in throughput at the plant post expansion.
That sort of opens up a lot of questions (mainly good ones). Though it may all be irrelevant, as it could just be ALK covering their bases for any future discoveries that really give them more ore than they can process etc.

Pros-
More ounces, perhaps 15% which would equate to a production profile of perhaps 125k p.a
Economies of scale will hopefully enable slightly lower costs.
The company is quietly confident that they are more than able to fill a bigger plant for a long time

Cons-
Perhaps grade will slightly decrease, so... more tonnes through the plant to keep it at/above 100k p.a (just speculating....)
Higher cost to upgrade the plant, though I am guessing it will be minimal (compared to 1.5mtpa)

Upon further thought, perhaps the debt facility was secured because there is going to be some cost increases (as the reality is, almost everywhere in Australia within the mining industry, capex has risen, I mean the likes of BDC basically gave up on building a plant, just too expensive, many other examples out there like HRZ who pivoted).

Cheers @Imo - though as I mentioned, ALK could easily have raised perhaps $25m easily, then not needed Mac services at all.
Sort of a bug bear of mine... that so few gold companies use options, yet, the few that have, have never had any issues, and in most cases benefited, by receiving higher prices and not using them (even though they cost a little upfront).