stage i assessment supports fast track develop, page-59

As at last JORC upgrade announcement 28 Feb 2013-

"Three holes in progress and 3 at lab waiting on results.

Stage II tonnes have increased by 28% following the inclusion of only six additional drill holes highlighting the ease of expanding the orebody".

We may well get to the magic mark of one million tonnes copper contained equivalent sooner than we think.

Added to this, Avanco are "examining off take and financing offers". This tells me that funding is not a matter of "if" but a matter of "when". We know that Avanco are looking to fast track as quickly as possible...

So, we have numerous announcements on the horizon being drilling update, possible JORC upgrade, PFS, funding/off take agreements, decision to mine, and procurement of plant.

Most importantly, we are on the brink of a low risk, low cost and highly profitable stage 1 mine which will launch us straight into the stage 2 PB mine.