Video Highlights:
- In June 2024, the Thunderbird Mine produced approximately 825,000 tons of ore, 55,000 tons of ilmenite, and 13,000 tons of zircon, with shipments expected to reach a record 90,000 tons of concentrate.
- Sheffield Resources contributed AUD 7.5MM to KMS for working capital, with total ore mined for the June 2024 quarter projected to be 2,200,000 tons, 20% above the 2022 Bankable Feasibility Study estimates, and recovery rates at the Wet Concentrator Plant and Concentrate Upgrade Plant exceeding design rates.
- June 2024 is set to be a record month for shipments, potentially reaching an annualized rate of 1,100,000 tons per annum, and positive operating cash flows are anticipated from the September 2024 quarter onwards.