"...Our next question comes from Kerry Smith of Haywood Securities. Please go ahead.
Kerry Smith -- Haywood Securities -- Analyst
Thanks, operator. George, great quarter. I think that you guys are definitely moving this company in the right direction, so congratulations. So just a couple of things. One, the mill upgrade study that you're doing in Q4, that will be for the 5,000-tonne a day rate, I think, correct?
George Burns -- President and Chief Executive Officer
Yeah, it's 5,000, but we're looking at other incremental opportunities. So it potentially is a staged approach as we continue to expand reserves and find additional feed for the plant.
Kerry Smith -- Haywood Securities -- Analyst
Right. Okay. Got you. And then the second question on the Perama Hill study that you're working on that you talk about releasing in -- is that timing in Q4 as well?
George Burns -- President and Chief Executive Officer
Yeah. It's also tracking for the fourth quarter.
Kerry Smith -- Haywood Securities -- Analyst
And what are you doing there, just updating the old engineering? Are you updating the mine plan? Or it's just really trying to wrap some new economics around that project?
George Burns -- President and Chief Executive Officer
There's a bit of a redesign happening. So the pit looks to be a bit bigger. We've kind of reoptimized the location of plant infrastructure. So some -- I'd say, some modest improvements and basically updating it for current environmental standards, being prepared then to submit the revised EIA.
Kerry Smith -- Haywood Securities -- Analyst
Okay. Got you. And then just maybe the last question, if I could. What are your sort of -- is your current thinking on TZ? Are you thinking to maybe update the economics that you did in the feasibility? Obviously, the economics would look significantly better today versus the economics that you had back when you did that study.
George Burns -- President and Chief Executive Officer
The study is pretty fresh. So really, it is higher metal prices and FX rate changes that impact valuation. And obviously, those are numbers we have and are articulating with prospective acquirers.
Kerry Smith -- Haywood Securities -- Analyst
Okay. And are you still thinking to try and sell that property? And is that still your plan?
George Burns -- President and Chief Executive Officer
Well, the way I'd characterize it is both our remaining and Brazilian assets are viewed to be non-core, and if we found a reasonable offer that's in line with strengthening our balance sheet and supportive of our focus on growth elsewhere.
Kerry Smith -- Haywood Securities -- Analyst
Okay. I got it. That's great. Thanks very much and congratulations again.
George Burns -- President and Chief Executive Officer
Thanks, Kerry...."