AZY 100% development options, page-69

Browsing over some previous posts here, to respond to the request for information on tolling fees

After the maiden PFS for Havieron last October, GGP brought out a ‘growth update’ presentation on 12 October 2021 which sets out the components of the AISC in a pie chart on page 12.

This included processing fees at USD 187/oz so we can work back from this

Given that the Au grade in their PFS was 3.72 g/t, it needs 8.36 tonnes of ore per oz (31.1 / 3.72)

So USD 187 divided by 8.36 means that toll processing costs work out at USD22.37/tonne at Telfer

Assuming that when GGP say processing costs they are talking about ‘toll processing costs’

Now Shaw & Partners in their May 2022 note on Minyari have estimated AUD 27.50 per tonne milled

At current fx rates, about USD 18.75 per tonne, but this is assuming our own stand alone plant at Minyari

So some ballpark figures you might say