I swear no-one here looks at past announcements when reading the new ones. This is simply an update of the dynamic modelling completed almost 9 months ago, using the marginally increased JORC.
It has resulted in marginal increases in production life (from 42 to 45 years for 12 ktpa, and from 22 to 23 years for 24 ktpa).
It also highlights that RIO’s operation will affect theirs, and consequently AGY will need more/deeper bores, which means higher CAPEX.
That’s about it really. Some marginal good news, accompanied by some marginal bad news, balancing out to be another big, fat nothing burger.
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