Mozart,This is from Patersons last research note.Tonnage exceeds...

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.