20974 29Metals AR23 WEB V1 - Flipbook - Page 98
29Metals 2023 Annual Report
94
Directors’ Report continued
29Metals Appendix 4E and Annual Financial Report for 29Metals Limited and its Controlled Entities for the year ended 31 December 2023
19
Directors’ Report
Operating and Financial Review
OPERATIONAL REVIEW
Safety Performance
Key metrics at
31-Dec-2023
31-Dec-2022
VAR
mwhrs1
9
(3 3)
mwhrs1
1
2 0
(0 )
and >ŽƐƚͲƚŝŵĞ/ŶũƵƌLJĨƌĞƋƵĞŶĐLJƌĂƚĞ(‘>d/&Z’) are reported on a 12 month rolling average basis at 31 December, reported per million work hours (‘mwhrs’)
1
29Metals continued to implement actions to improve safety performance and reduce risks of in ury to our workforce, through
▪
the roll out of the Group’s updated critical risk management framework;
▪
progressively completing improvement actions from baseline assessments of performance against 29Metals’ HSEC Management System Standards
undertaken in 2022; and
▪
maintaining a focus on leading indicators, including close out of actions following significant incidents investigations, workplace inspections and
leadership interactions, and critical control verifications
erformance against lagging safety indicators improved significantly during the period with
reducing by 33 and
December 2023 (on a rolling 12 month basis) dditionally, there were no health and safety incidents during the E treme
challenging operating environment
reducing by 23 at 31
eather Event despite the
Golden Grove
Golden Grove, located in estern ustralia, is a long life operating asset Golden Grove hosts a world class volcaniclastic hosted massive sulphide system
perating since 1990, when production at the Scuddles underground mine began, Golden Grove has a history of discovery, resource e tension,
production growth and mine life e tension
For the year ended 31 December
re mined
re milled
DŝůůĞĚ'ƌĂĚĞƐ
Copper
inc
DĞƚĂůWƌŽĚƵĐƚŝŽŶ
Copper
inc
Gold
Silver
ead
ŽƐƚƐ
Site perating Costs 1
C1 Costs 1
C1 Costs 1
SC 1
SC 1
ĂƉŝƚĂů
Sustaining capital
Capitalised development
Growth capital
&ŝŶĂŶĐŝĂů
evenue
E D 1
^ŝƚĞKƉĞƌĂƚŝŶŐŽƐƚƐ͕ϭŽƐƚƐ͕ /^ and /dare non
financial information metrics in this report
1
▪
19
kt
kt
kt
kt
ko
ko
kt
S financial information metrics
2023
2022
VAR
1, 2
1, 0
1, 22
1,
2
( )
1
39
13
3
01
(0 )
1 1
1
1 0
1 9
2
1,321
2 0
12
( 1)
(12 )
( )
(1 3)
11
$’000
$’000
S$ lb
$’000
S$ lb
30 , 3
1 ,99
31
231,
12
301,913
, 0
1 2
1 ,0 9
30
, 2
100, 90
1
3, 3
10
$’000
$’000
$’000
19, 9
1 ,33
1 ,1 9
23, 32
2 ,10
10,133
(3, 3)
(9, 0)
,0
$’000
$’000
3 ,1 1
39, 2
33,
110,
efer to page 1 for important information regarding the use of non
re mined and milled was consistent with the prior period despite the impacts of
―
an appro imate 2 week suspension of operations at Gossan Hill, following discovery of damage to the portal in March 2023;
―
delayed commissioning to underground ventilation booster fans, re uired to support mining activity rates at depth; and
―
constrained milling rates in the first half to manage available tailings capacity, with milling rate constraints lifted in May 2023
( , 3 )
( 1,01 )
S
