Member Info for Happydays43

What we need is Jorc report.

Leon has an upcoming presentation this month. I assume the mine plan will be part of it.

He referring to the market reaction been a damp squib.

Will Leon find a partner for the LWP by July?? He gave himself an extra 6 months.. as December 2025was the internal target.

Even the new dryer sounds like they throwing darts!!!

I'm trying to find some positives anyone?????

I guess our only hope now is copper goes to $15 000 a ton.

That must of been the most dreary report I've heard in a very very long time. 2s soon. Unless copper suddenly goes up...

My guess is that they will lower this years target to 3500 but in the same sentence have next year's target at 6000 tons. Atleast i think 3500 tons is already priced into the current share price.

How many tons of copper does mining 60 000 ton per quarter at a average grade of 1.6% equate too?

Sounds like you don't have a clue either!

From Leon:

Molefe mine recommenced delivery of ore to Sable refinery during September 2025 following the expansion of pit 2 reaching 1 122t delivered for Q1 FY2026. Molefe mine's production ramped up to reach the targeted 3 500t of high-grade ore delivered for the month of October 2025 and is on target to reach to reach the further step-up to 4 500t of high-grade ore by the end of November 2025, targeting 8 500t of high-grade ore delivered for Q2 FY2026 (seasonal rain dependent).

The lower grade ore (0.7% Cu) continues to be stockpiled on site exceeding 2Mt of ore by the end of Q1 2026 and growing at a rate of approximately 70 000tpm

Nope.. the 70 000tons per month is at Molefe... hence the 2.3 million stockpile.

On a good note we should start to see a rise in copper production.. might be small but atleast in the right direction. Probably see a nice increase this quarter...

What is happening with the 8500t high grade copper material that's meant to be going to Sable? Was meant to rise from 4000 to 8000tons by now?

Leon said they were mining 70 000 tons of copper enriched material a month (which is why they have a 2.3 million stockpile) . Can anyone explain why they saying 15 000 to 60 000 now? Weren't they already doing this??

Maybe Leon will buy some shares now that the Half year report is out.

Sounds like they very very close now. 2 more months maximum

RNS November last year.

"External project leaders have been appointed to drive the project implementation with near final designs on track for completion by end of Q3 FY2026

· Discussions with potential project partners are progressing with internal target date remaining the end of the current quarter"

Seis, good thing we only have to wait 2 months to find out.

Thats if it is phase 2. Is that east of phase 1?

Gray, I assume that is phase 2?