Ann: USD35M Offtake Prepayment Facility for Nifty Restart Project, page-99

@dtab
You are right about the available ore already mined and ready to process/reprocess. Not sure about the opex variation. The amount of copper in the existing stacks is actually calculated to be about 91kT and I figure there is 2 years of fresh oxide already mined ready to leach and then add to that the retreat ore for ?? yrs before they need to mine but i assume they will be mining in two years as they are building more pads for the retreat.

The 25 kT pa capacity of the SX/EW plant will become the bottleneck IMO

The copper in the existing heap leach was not included in the Jorc resource and I am most nervous about the true copper content of these retreat stacks. How can they accurately state there is 0.53% copper content on average over the retreat pads???? i am guessing the remaining copper in these stacks will be quite variable.

Apparently the existing stacked leach pads have significant amount of copper in them because the previous operator/s did not understand leaching and Bazza says he knows better. i believe this point may have been difficult for Bazz to convince the lenders, but it seems he has done it.

Below is the economic analysis of the restart study from Feb 2022