brr industry round: cobar, page-21

Additionally while it may seem quiet. The geo’s are hard at work generating and interpreting further TEM geophysics on Nymagee, working gout where best to place the next holes.

The funding deal was not just to build the plant. There were funds for resource extension and drill-out at Nymagee to get to a reserve in time, to justify the mining rate and expansion there. There are also a number of other EM conductors to be tested.

It wasn’t so long ago they came up with some moly from exploration as well. BTW Macquarie say three years out the outlook for moly is poor – Oversupply (it will serve mainly to get net production costs /T Cu down).