Macquarie envisages upside from higher throughput at West Musgrave, regardless of the cost pressures. A total of 47.5km of infill drilling has been completed and the company assesses the results have improved confidence in the orebody.
Work on the process plant design is 70% complete and
West Musgrave accounts for 17% of Macquarie's valuation and the formal approval of the project is expected to be a key catalyst. Outperform rating and
Sector: Materials.
Target price is
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