With regards to the additional met work to better understand the grade/recovery regression models - I didn’t interpret that as dropping the cutoff, just better understanding the relationship between grade and recovery levels better - generally they have a strong positive correlation (higher the grade = higher the recovery). The recovery rates they’ve used in the PFS is between 93%-96% from memory but this is at a PFS level of accuracy +/- 25%, they look to me like they are just firming up these assumptions to a DFS level of accuracy.
With regards to power - I don’t think this is new information - the govt haven’t changed timeline but MOD did assume connection only in 2022 in the PFS which is conservative and how I think these studies should be performed. No change to feasibility numbers IMO.
On the T3 U/G - my interpretation is the open pit goes to roughly 200m maximum depth and the U/G starts from around 250m below surface. The logic on separating the two in my mind is because of the different extraction methods and cost associated with each...which will impact things such as cut-off grades as the economics can be quite different.
I share the excitement on T20 dome - a lot to look forward to.
