"We are busily working on the expansion study to look at stage 2 of production that will take production from 30ktpa to 60ktpa".
The 60ktpa is not going to be part of DFS, an expansion study is a separate study that gets developed whilst the mine is in production.
Expansion studies are often developed as the asset works towards achieving nameplate production, the benefit of expansion studies is that it usually able to capture market interest (appreciating SP) whilst the mine is ramping up and optimising its operation (many examples of junior miners doing this).
Whilst this is materially positive news for us, its everything as per norm and as expected.
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