MRE & LOM

Thought it would be interesting to hear everyone's guesstimates on the upcoming Mineral Reserve and Resource Estimates, updated Life of Mine plan and FY23 guidance?

It will be interesting to see how close or far away our estimates are when the updates are released.

The cutout below is from the Capital Raising Presentation released on the 28th of March

Using SL's calculations of 3 - 5 year production goal and 10 year resource visibility, we would be looking for a reserve estimate somewhere between 240,000oz to 500,000oz and a Resource Estimate of 800,000oz to 1,000,000oz

I'm hoping the estimates may have nudged even higher than this after the continuing success of the drilling campaign.

Last MRE was in March 2021





My Quick Guesstimate For LOM!!!
Minus 100k mined over last 5 quarters.
Current Reserve = 239,000oz
Plus
Add approx 10,000oz stockpiles
70% Yalgoo 170,800oz
Plymouth 5,000oz
Sly Fox 5,000oz
Eastern Wall 25,000oz
Gilbeys North 100,000oz
Archie Rose 15,000oz
Hendricks 5,000oz
Gilbeys South 5,000oz

LOM at 90% recovery = 521,820oz
6 Year LOM average at 90% recovery = 86,970oz


Resource estimate 850,000oz to 1,000,000oz


FY23 I'm going to guess that as a result of the higher grade ore hitting the plant, FY23 guidance will be:
85,000oz to 95,000oz at an AISC of $2,000 to $2,200

Hope everyone is having a great weekend

GLTAH