The allocation is a once off 200,000 tonnes, not per year. The Greenfields mill is a 1.0 Mtpa plant, with about half of that capacity filled with ore from FMR's own underground mine Gordon Sirdar, and the remainder with toll or potential JV ore.
Our plan is firmly to own our own mill, either through building or buying one. We put our feasibility study and progression of building a mill at Boorara on hold due to the pricing volatility, escalating inflationary environment and access to skilled labour. We pivoted our strategy to move to a contract / toll or JV model to enable mining the higher grade, lower tonnage and therefore higher margin ore to bring cash into the business, starting with our Cannon mine. These mines do not eat significantly into our resource base, allowing a mill in the future to still be very much in our thinking.
Kind regards, Grant.
The above is a response to my query regarding large tonnage treatment of HRZ's gold resources.
I just wanted confirmation that the previous declared strategy was still in place. before i bought more.
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