@Cyclone Steve - this seems to be a more appropriate thread for...

@Cyclone Steve - this seems to be a more appropriate thread for your questions around when reserves will be defined.

I think the simple answer is - the reserves have been sufficiently defined for the PFS scenarios that were considered. By way of comparison, the 40Mt defined for our PFS (up to 1.5Mt) and scoping study (2.25Mt) is larger than the 33Mt or so that AUZ defined for its 2Mt BFS study.

I like that ARL even included some details around the mining schedule and wireframe modelling that I haven't seen for AUZ for example - perhaps I missed it, I don't follow closely anymore.

The 2.25Mt scoping study/expansion study that was done by ARL was just that - scoping level, so no need for updated reserves. If you read the study, you'll see that use of inferred material is not expected to influence the viability/study results, and use of inferred resource was only a small fraction of the ore required to feed the 2.25Mt - https://ardearesources.com.au/downloads/announcements/arl_2018072401.pdf

If you read quarterly reports, you'll see wireframe modelling is being done on Big Four and Scotia Dam deposits which are part of the goongarrie complex - resource and reserve update is expected 2nd half (ARL have said Q3 in the past, so we are expecting this soon). I don't think this has been a focus for management given the work that needed to be done on NSW assets, to get that spun out, and clear the path for a strategic partner for Goongarrie.