Kanmantoo Copper mine ready to go ? For real ?, page-163

Equity funding also means that early cash flow can be employed developing Nugent instead of paying interest and retiring debt.

Copper at $ 12,717 overnight.

Worth noting also that the $ 230m cash generated by the ES assumptions doesn't include the development expenditure necessary to seamlessly continue mining in month 46. If the cu price hits us$15,000/t in 2025 or 2026 it will be well covered.

"The mining operating cost of $47/t is low compared to Australian mines of similar scale. This ispredominantly due to the short mine life, which has a period of ~15 months at the end where developmentceases and only stoping/production mining costs are incurred (~$25-30/t). The mining operating cost, whendevelopment is ongoing, is closer to $60/t during steady state operations."