Ann: Investor Presentation - Diggers and Dealers 2021, page-2

I like the comparison to Pering Zn-Pb Open Pit Mine South Africa (page 12).
Mined by BHP between 1986-2004.
Historic Production 20.5 Mt of ROM ore milled at 2.6% Zn & 0.6% Pb.
I think Rumble is happy to dispel any thoughts that the grades at Earaheedy are not economically viable.
“Important : Exploration Target at Earaheedy is targeting a much larger resource and higher grade at similar depths.”
Looking at Zinc prices between 1986-2004. Approx US$800 per tonne in 1986 and averaged approx. US$1,200 per tonne over that extended period.
Obviously mining costs were significantly lower during that period but to offset that the price of Zinc is currently about US$3,000 per tonne and also Earaheedy will have economies of scale.

Some other snippets worth a mention:
“Zn - Pb flat lying, confirmed over 2 km x 1.2 km grid, up to 34 m true width - all holes mineralised and open. Interpretation based on geological & airborne magnetic is Zn- Pb grades increase significantly near extensive NW feeder faults (Sedex Variant) which importantly hasn’t been targeted or tested.
Entire south - western corridor opened for the possibility of large scale, shallow oxide, deposit(s) to complement the potential for large scale, sulphide open cut and underground deposit(s).”
That statement is aimed at RTR’s 100% application tenement IMO.
And at Magazine:
“ Each inferred north north/west extension feeder fault has the potential to develop higher - grade Zn- Pb- Ag Zones over the entire length of the planes.”

This is very BIG but how big, we will just have to wait and see.

AIMO.
Jim.