As most of you on the call will know, the company has got the three assets. It's got Tritton, Cracow, and had the Mount Colin mine, which is now in care and maintenance. My main asset, of course, is Tritton, currently forecasting around 21,000-24,000 tons of copper, with gold on top of that, and Cracow between 40,000 and 49,000. We'll talk about each one of these individually as we go through. The three projects in the portfolio are the Barbara Project, the Jaguar Operations, and Stockman. If we go to the next slide, we'll see the last quarter, quarter-on-quarter copper equivalent production is up to 10,700 tons. That is mainly on the back of higher production from Tritton and Mount Colin, and then offset a little by lower production from Cracow, but that was planned.
The costs well managed has come down at a group level to AUD 4.91 per copper equivalent, per pound. Cash and receivables was end of the quarter slightly up at 33.6. To be very clear, in that number, on top of that, we actually put AUD 14 million additional funding into cash backed bonding. That number would have been significantly higher if it was not for the requirement to put AUD 10 million specific into the ANZ facility to get an extension. At the operational cash flow level, a significant increase quarter-on-quarter to AUD 45 million for the quarter. You will see in slides coming up. It was mainly driven by Tritton, and that is just the nature of the Tritton mine and the sale of concentrate and timing of cash. There was cash coming in, more concentrate sold during the quarter.
The year-to-date numbers will be accurate, although, you know, cash, the movements of working capital quarter-on-quarter, but a good outcome for the operations at that level. The safety has always has been well managed. No lost time injuries for the quarter. You would have seen there was this minor environmental incident due to heavy rains at Cracow. At Cracow, look, everyone knows the gold price is making a big, big difference. Lower on production for the quarter with that was planned. We mined lower grade stopes on the quarter, but still for the financial year and quarter four, we'll see a improvement again for Cracow. At Tritton, they had 4,300 tons of copper at an All-In Sustaining Cost of AUD 6.16.
It's better than the last quarter, but we are looking at quite a big quarter in quarter four where the open pit now, as of this last week, is actually mining and keeping the mill full at a run rate of about 1.8 million tons. We are expecting a very good quarter four on the back of those mine tons. We will talk more about it. At Mount Colin, Mount Colin is now finished. We ended up with 5,500 tons of copper for FY2025. We are slightly below guidance. On the gold side, there was significantly more gold in the ore, and the gold ended up at the top end of guidance. What we are now doing with Mount Colin, it is in care and maintenance, and we will talk a bit more about how we are progressing on those.
The rest with the feasibility studies for Jaguar and Stockman is continuing. As you would have seen in these last few weeks, we have announced the Constellation Mineral Resource Estimate update. That was a significant change. To us, it is a significant change in the way we look at the business over the next three to four years. We will get into the details of that. If you move on to the cash flows, the cash flows, as you can see, are significant operating cash flows from Tritton, good cash flows from Cracow, the last bits coming out of Mount Colin. Obviously, we spent quite a bit of it on capital.
One of the big outflows, of course, as I said earlier, was that restricted cash of another AUD 14 million, of which then was put into ANZ for the extension of the ANZ facility while we were working on refinancing that facility. Ended up the cash more or less where it was in the last quarter. The year-to-date numbers, you know, there's AUD 135 million of operating cash generated between the operations. Quite a bit of money getting back into capital. We are now putting significant capital dollars into the Murrawombie Pit. That has kicked off in February, and we can see those capital costs coming through. Significant money, as we move forward, will be spent. That pit will generate significant cash for us over the next 12-18 months.
The look at Tritton, the performance for Tritton, as you can see, quarter-on-quarter, it's better. The grade is definitely better grades being mined. We can see the impact of Avoca Tank in that quarter. We also see the impact of pulling out of the Murrawombie underground mine, which were low grade tons. It is basically a higher grade quarter for us, and an improvement in production and costs for Tritton. We've been talking quite a lot over the last six months about the improvement projects to improve productivity, improve the mining sequence, improve development. In the last quarter, we've seen a significant uplift in both development rates. We're achieving rates we haven't achieved for many, many years.
Now that the backfill is up and running for Budgerigar, although there was a delay in that backfill because of OEM breakdowns at startup, we're now doing a significant amount of paste. And that's all. And the drilling, the diamond drilling is all the things you need to do to advance and get that consistent production from the underground mines. We can see that now flowing through, especially in the last month or so. Murrawombie Open Pit, that has commenced. There was a slight delay in startup because the contractor was struggling to get qualified labor. It is now in place. Basically in May month, they will mine all the ore, which will be processed between May and June. Within the next few weeks, we'll have significant stockpiles of ore, which will be processed through the plant.
We see May and June will be run at full capacity of over 150,000 tons a month. What we also seen with the Murrawombie Pit, we originally talked about 1.3 million tons at 1.3%. We're now seeing that a potential for those tons to go to 1.7 million-1.8 million tons at slightly lower grades because there is quite an opportunity on the lower grade side. There you can see the pit stage one is basically taking the ore available in a short space, and then we'll do the cutback. That's all going really well.
One of the big benefits, of course, we talked about a lot, you can already see the work which has been done on the old heap leach pads in that photo on the right-hand side where they are, where we're starting to cap them with the waste from the pit. That has all been part of the environmental closure plan. That will save us about AUD 8 million environmental closure costs. As we finish the Murrawombie Pit, those heap leach pads will be covered and we can finish off the rehabilitation of those old heap leach pads. The key opportunity which we've announced in the last few weeks was the Constellation deposit. We've updated the mineral resource. We've done quite a large drill campaign. The resource is now 7.6 million tons at 2% copper and 0.66 gold.
As you can see, the 150,000 tons of copper and 161,000 ounces of gold. I do not think we always realize the value of that gold in these deposits. We will talk a bit more when we talk at the open cut mining as an example. We see significant increases in both contained copper and gold. The real upside for us is that open pit resource has increased by 46%. There is now 4.7 million tons. What that means is originally our view about this was it is a small open pit and then you go underground. The new resource update has shown that you can actually have quite a larger open pit, which means if you mine 800,000 to 1 million tons annually from this open pit mine, you have got an open pit mine running for three or four years.
Then you add on the current open pit for Murrawombie, which will run 15-18 months in itself. You will have a six-year period where you will have a good base load feed to the Tritton mill from these mines. If you go look to the next slide, the specific interventions we're focusing on, there's going to be a three-stage approach to this. There will be a, the oxide literally starts five meters below surface. There's an opportunity for a heap leach of 1.5 million tons, which will be a pretty fast process. The main opportunity the way I look at it is you look at that supergene and primary ore in the pit, that starts around 50 meters below surface. There's 3.2 million tons.
Now, if you say you mine 800,000 to 1 million tons, it's anything between three and four years of open pit mining at grades of 2.5%. That is where we bring Tritton to a 30,000-ton producer with Constellation and Avoca Tank and Budgerigar as part of the feed. You get underground, it's still open at depth. There's already 2.9 million tons, around 2% plus 2.2%. For us, we can see this mine being used in the Tritton processing plant and projects for close to 10 years. We know it's open at depth and it should continue as we move forward. We see this as a sort of a game changer for us.
If we can have five to six years of base load at high grades, open pit mining, it will really trigger a significant uplift for the business. On the development plan, the EIS is large. We're doing a feasibility study to turn the indicated resource into a reserve. Then we will start to look at how do we bring basically trying to finish off the Murrawombie Pit and go straight into Constellation Pit with the same contractor. That is the timeline we're working on for the start of Constellation development. If you look at Cracow, Cracow once again, slightly lower quarter. There are two really good quarters, but a lot of the production for this quarter was planned because there were some lower grade stopes, which was always in the plan, which has come out.
We had a bit of production losses due to the cyclone, not impacted by rain, but more impacted by people who could not get to the mine or could not get to work. We lost a few production shifts from that. Not material, but it did make a difference. One of the projects we are working on to improve the recoveries is a secondary cyclone project. That is busy being commissioned. That should give us 1% increase in recoveries as we move forward. For us, really, Cracow generates good cash. It is, as we said now multiple times, the cash we generate from the gold assets is how we develop the copper assets. That will help to fund the startup of the Murrawombie Pit.
It also will look at how do we fast track and progress on the Constellation mining plans. You move on to Mount Colin. As I said earlier, Mount Colin is now finished. As you can see there, we produced 5,500 tons. It is slightly below guidance of 6-7. On the gold side, we produced more gold than what we estimated. It one offset the other. What the plans are now, we have basically relocated all the buildings and infrastructure offsite. We are busy looking at the rehabilitation plans and we will kick that off. As part of the bigger picture, we have decided to divest our North Queensland assets, so the Barbara deposit and all the tenements surrounding it. We are running a formal process.
It's all part of focusing the capital where there's better returns, but also on projects with a longer life as we move forward in the business. On the Jaguar deposit, look, nothing more to report on the quarterly, really, other than we have done a lot of work on ventilation and geo technical reviews, ground control at the restart of the Bentley Mine or the Turbo deposit. That work has now resulted in a new mine plan. We are now looking at that mine plan specifically around power supply and a distribution network across the business. That work is still underway. We are also doing quite a bit of work on both base metal and gold exploration opportunities. As we said previously, it has got gold tenements and gold targets very close to other gold miners in the region.
The work is ongoing for Jag. The production plans are being pulled together based on ground control and ventilation. At Stockman, Albion Process, the test work is literally underway, as I said before, trying to finish off what is the cost and capital associated with those. Once we finish that off, we will update the feasibility study with results from the Albion Process test work. At a group level, at a corporate, as we talked before, AUD 33.6 million cash and receivables. Receivables is basically Tritton concentrate, which has not been sold. We have put another AUD 10 million into cash backing against the ANZ facility. That would have put the cash receivables at AUD 43 million if we did not do that. The restricted cash now sits at AUD 28.9 million. That restricted cash is all cash backed bonding facilities, on top of the ANZ facility currently in place.
Moving on to the debt side. I'll just touch on that quickly. We are in the process of finalizing the debt refinancing, with replacing the ANZ facility. That is close to being a position where we can talk about it. Also, the current debt in place, as you all know or might know, is the AUD 40 million on the Washington H. Soul Pattinson facility. I think that sort of summarizes it as we kicked off with two producing assets, three development projects. We really can see the value of exploration opportunities both at Cracow and Tritton. We still maintaining that copper equivalent guidance between 40,000 and 48,000 tons, copper equivalent for FY2025. With that, I don't know if there's any questions. Happy to take if you want to put your hand up, we can open it up.
If you have a question and you want to put it in the Q&A, we will answer those questions. There's just someone who asked, can you please provide further details on ANZ facility that we pay AUD 10 million in fees? No, it's not AUD 10 million in fees. It was just an offset on the cash backing facility. The facility was AUD 50 million. We put in AUD 10 million to offset against that. It's basically turned into a AUD 40 million guarantee facility. That AUD 10 million is now cash backed against bonds.
André, we have questions from David Coates and Paul Kaner.
Yep. Can you open them up?
Paul.
André.
Hey, Paul. How are you doing?
Good, mate. Hopefully you can hear me all right. Yeah, good. Just first one quickly on Tritton.
I see you've sort of kept guidance unchanged there, which would suggest around sort of 8,000 tons of copper to be produced in the in the last quarter. I guess throughput will increase, with the addition of Murrawombie, but should we expect grades to to tick up as well in this this last quarter?
Yeah. There's a high grade zone coming out of the pit. And we're also expecting higher grades coming from Avoca Tank, as part of the, you know, the volume mix coming more tons from Avoca Tank. But there is a high grade zone in the pit where we're currently mining. And those tons will be on the ROM pad within the next three or four weeks.
Yeah, that's great. And then I guess, how should we think about the transition, from sort of, I guess, the Murrawombie open pit to the Constellation pit?
Just rough timing on that.
The Constellation pit will run for about 15 months as of today. We will basically, as the pit finishes up, because when you get to the bottom, you know, you cannot keep all the trucks. Those equipment will move straight over to Constellation. The one will start when the one finishes up, the other one will start. Basically, in our view, by mid next year is when you want to be into the Constellation open pit mine.
Yep. No, that is very clear. No, that is all for me, André. Thank you very much.
Thanks, Paul. Stefan, would you open?
Hi, André. Can you hear me?
Yes. Hi, Adam. How are you doing?
Well, thank you. I just had a question on Murrawombie historic heap leach pads, and I guess the mechanics of the bonding.
You mentioned you'll save about AUD 8 million in environmental costs from the rehab of these. Just wondering if you can talk through, you know, when you know you're expecting to receive that cash backed. And, you know, is that an annual readjustment or, you know, a quarterly readjustment? Any sort of color you can add to that would be great.
At a minor standing is that once we have finished off the profiling with the waste and the closure of the pads, you then get someone in to assess it and you can resubmit, basically post that. Within the next 15 months or 12 months, we can resubmit our bonding and get some of that bonding reduction, through the government bonding scheme or, you know, the environmental bonds.
You need to prove that you've done the work and then a reassessment will be done and then you can claim your bonds or a reduction in the bonds back.
Okay, that's helpful. Just following on from that, from the bonding, is there any further cash payments now that Mount Colin's been transferred into care and maintenance moving forward?
There's on Mount Colin, you know, their bonding and the environmental cost is between AUD 1.5 million and AUD 2.5 million. So it's not a significant amount. What we need to do, we need to close the water dams and close the portal and do a bit of rehab and then we can claim those, a reduction of those bonds back. It's not significant in the bigger scheme of things.
Okay, thank you, André.
Thanks, Adam. There's a few more questions.
I don't, we don't see any hands. We've got a question from Jason. I'm just reading the question. The question is around hedging, and the cash flows from Tritton and then also just on the Washington Soul Patts and ANZ facilities. At this stage, Jason, we don't have any hedges, and there is a view currently that once we refinance ANZ facility and the outcome of those, we might start to look at some gold hedging or hedging some of the gold. It will all be dependable. It depends where we are at the time. At this stage, we haven't done any purely because we are working on the refinance options for the ANZ facility. Your question around the facilities outside, we are working on those facilities.
As I said earlier, both the ANZ facility replacement for the bonding, guarantee facility, we're working on that and should come into the market shortly with an update on those. There's currently none of these facilities requiring us to do compulsory hedging, but we can do hedging is the answer. David Coates asking about permitting at Constellation. David, we've submitted the EIS. We're expecting that to, we're putting a few more amendments in with the road changes. We're expecting the approval of that towards November this year. Once we've got that, we can do the final mining lease and that sort of take that where we can start mining in FY in calendar 2026. It's well underway and well in hand and being submitted. Stefan, I can't see any more raised hands. I don't know if there are.
No.
If there's no more questions from anyone, I think we'll close off on the presentation. Thank you, everyone. Appreciate your attendance and we'll give you a further update when we're ready on the refinancing. Thank you.