Talisman holds 30% of the project that was forecast by a feasiblitiy study to cost A$72.7 million to bring into production.
Instead it is now expected to cost $64.9 million, with over $7 million of savings identified for surface infrastructure.
Specifics weren’t disclosed, with the 70% owner of Monty, Sandfire Resources, doing the development.
Sandfire’s De Grussa operation – the processing destination of ore from Monty – is 10km from the developing mine.
Regarding hedging, Talisman said it was continuing to regularly assess the appropriateness of hedging copper and US dollars – the latter because the financing facility the junior is using is priced in greenbacks.