Ann: ORE RESERVE ESTIMATE AND POSITIVE PFS FOR COOLGARDIE PROJECT, page-14

Three Mile Hill is owned by FML and is a 1.2 mtpa facility current under care an maintenance. FML have allocated 10m to refurb it in their recently announced PFS. They are waiting to finalise access agreements to their Brilliant deposit prior to releasing the PFS on that element of their project, which should see the mill at capacity once PGO ore is also taken into account.

The other option is the Greenfield mill. I'm not sure on capacity, but they currently toll treat for La Mancha and the rand and tribune JV on rotation.

I would hazard a guess that the FML 3MH option would provide a smoother cashflow for PGO, but the downside is the refurb (who knows how long that would take) and relying on ML getting operatiosn up and running as well. The quarter is young though, and I see them going that way.