exactly. The total tonnage is an important psychological number but what mgmt will be focusing on with their drill program is defining a good efficient reserve for phase 1 studies.
I've always thought 30-40mt of shallow higher-grade spod would be sufficient to begin mining and they can continue exploration at the same time.
Phase 2 might be a plant expansion to 4 or 5mtpa.
something like:
- phase 1, years 1-7: 14mt of the best main zone ore at 2mtpa
- phase 2, years 8-16: 36mt of the best main zone and FW zone ore at 4mtpa
Then phase 3 would be remaining Adina reserves and/or whatever shallow and/or higher-grade deposits are found in the next decade at Adina or Tilly, or possibly a whole new operation at Cancet.
Personally I don't think WR1 will ever need to go after the deep spod that AZM hit.
WR1 General Discussion, page-27158
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