Finally, what are the next steps at Antas that investors can look forward to?
Tony Polglase: In the very near term we will see the completion of commissioning, and the move to around 12,000tpa of copper and ~7,000oz of gold production.
In the medium term we already have expansion plans on the table for Antas, which the board is examining, and we continue to move forward with studies for Pedra Branca.
At the much larger Pedra Branca project we are examining a number of development options including starting small and expanding as and when the market improves. The later approach is less capital intensive and focusses on better grade and improves economics.
This strategy will potentially expand our production output in the near term and have Avanco well positioned to expand Pedra Branca as the copper price improves. Our exploration/development team is diamond drilling at Pedra Branca at present, to further this strategy as a priority.
I know the board will continue to innovate and drive for value and this is what our shareholders expect. We are aligned with their expectations and we seek to continue our success through 2016 and beyond.
