Mozart,
This is from Patersons last research note.
Tonnage exceeds expectation. The magnitude of the upgrade comfortably exceeded our expectation. We highlight that 291mt of beneficiation material overlies the higher-grade CID at NW Sector. This was previously classified as waste, and the potential to beneficiate this material to product is clearly positive, reducing strip ratio to 1.5:1 (previously 4:1).
** Beneficiation a proven technology. Both BHPB and Rio operate beneficiation plants in the Pilbara, and have done so for many years. BRM considers Marillana a credible analogue to Rio’s Brockman 2 detrital ore body located along the range front, with the technology feasible and proven.
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