Exploration expenditure in FY24Q2 was A$10m and CAPEX was A$38m. I assume that the FY24Q3 & Q4 numbers are similar for both items.
I certainly wouldn't assume that.. last quarters operating figures were offset by inventory build on the ROM and at the Port so not representing an accurate picture over any given quarter. Capex and exploration are both winding down or in the case of exploration drilling largely completed last quarter, as per PLL savings of $4-500t are expected from those and other plant improvements .
Far to early to be predicting anything at the moment but C&M is a last resort, the upcoming review will shed some light on where things are. Breakeven is the current target.
Cheers Whisky
Exploration expenditure in FY24Q2 was A$10m and CAPEX was A$38m....
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