Unfortunately these significant highlights just don't look good...

Unfortunately these significant highlights just don't look good from a mining perspective, too deep and too thin.

Now work out a minimum strip ratio from these:

	Interval	From	Strip Ratio	Mining Cost
1	21	17	0.81	6.3
2	12	40	3.33	15.2
3	11	29	2.64	12.7
4	10	27	2.70	13.0
5	7	25	3.57	16.0
6	2	41	20.50	75.3

Assume a $3.50/t mining cost per tonne dirt as IXR have in their DFS, you can get mining costs to account for the strip ratio. IXR DFS was something like $18 aud per tonne ore total opex. Here we have mining costs almost the same as IXR total opex but doesnt account for processing, reagents, overheads. Will be very challenging IMO.