RE: @Bamps.... thoughts?27 Jan 2025 14:00
That would depend on where the second decline is heading for. If it’s just to reach the top of the ore body then no 2-3 years but if it’s for a railveyor or conveyor then that might need to get down to 1400m.
If you look at Carrapateena conveyor decline it zig zags to the orebody and then away from it and back again numerous times so it could be a progressive construction over many years.
Minyari will never reach half of Havieron reserves let alone resource. Havieron at the moment is only a starter mine, most of Minyari ore in 5 years will be gone as most of it is in the top of the Minyari pit and 95% of ore there is in that pit.
That 2.3moz is a resource not reserve
10 year mine life at 130koz is 1.3moz and then recovery off of that probably 1moz reserve figure, the cobalt part of that is unlikely to be achieved at their quoted price in the calculations so needs to be removed.
Havieron reserve will jump to around 4.3moz with the June MRE .
The Decline will cost more than the Haul road but the Environmental approvals to cut through numerous sand dunes will be onerous, at the moment it’s very circuitous and is a lot longer than the quoted length.