CNBM are looking for 80ktpa of the alternate case products (no <75) IMO. Resource upgrade needs to be modelled for head grade to estimate plant throughput required to achieve this over a longer mine life. Capex will go up, cost per tonne may come down if head grade remains around 10% but if average head grade decreases to increase the resource size then no. Can't see this being signed off on this year but should get done eventually assuming deposit proves up as expected.
Can anyone direct me to met results on the lower grade ore surrounding the high grade portion? Is there any major variability?
Resource v Share Price, page-2
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