RE: Hainan website update22 Apr 2026 14:17
Hainans perspective will be totally different to Kodals as Hainan make money downstream, so they will set the bar lower with a low cutoff to include more in the reserve (indicated category). Kodal will want a higher cutoff grade which reduces costs per tonne but over a shorter mine life. So until engineering studies, mine mapping etc are complete they wont know what grade will be viable to process.