RE: MRE tomorrow?18 Dec 2023 08:49
Hi Simon
Thanks for your interest and questions, and apologies for the delay coming back to you.
Taking your questions in turn:
We still intend to release the updated MRE before the end of December. Once it is finalised (including Newmont having had sufficient time to review it), we will be required to announce it. We are mindful of the holiday period though.
The lower aquifer is currently being dewatered, prior to development through it. The flow and evaporation rates are being closely monitored, however we are not yet in a position to update the market on timing to resume and complete the development to the top of the orebody.
The final price assumption is under consideration and will be set out in the MRE Update announcement, but the price variable is not expected to have a significant impact on the MRE outcome.
In terms of taking advantage of spot gold price through forward hedging, whilst this is something we think about, it is premature for us to be able to execute on this currently ahead of the feasibility study. It is something we are and will be considering as we progress closer to production.
Kind regards
Rowan
Rowan Krasnoff.
Take care all.
Xe