Ann: Very Positive Preliminary Metallurgical Test Work on Maronan, page-11

Yes, they could look at that down the track but I would think that just from a cash flow perspective which leads to quicker debt repayment which results in a higher IRR, that mining the cu/au from year one would be worth looking in to.

For example, a 1.2MT pb/ag plant and toll milling 350K/T of cu/au. I suppose, MMA could even look at a smaller plant with toll milling and thus reduce capex. After all, TNC's concentrator is sitting roughly 50km away waiting for toll milling to improve the economics for them to utilise their onsite concentrator and stop wasting valuable cashflow on their own toll milling costs.

It also fits in with the Qld's govt and MMA's goals of utilising available nearby infrastructure.