Progress?, page-11

I read thru the 2014 announcements from CCU to see what their operating costs were. The March 2014 presentation says they are targeting cash costs of $A18.50 oz for FY2015 and $A16 oz for longer term.

From CCU announcements it is clear the ore body gave them problems because it is composed of different clay types and the each clay varied in extraction efficiency and needed its own treatment regime to optimise extraction. Getting the operating costs down required trial and error and experience with the plant and ore types.