Ann: Infill Drilling Results - Bindi Copper Deposit, page-7

Copper prices are starting to rise again...

The whole commodities matrix is rising incl. energy, this inflation wave isn't transitory like the central bankers like to call it!

S32 also just picked up a 45% stake in the Sieraa Gorda Copper Mine in Chile for US1.55B (AUD$2.08B), so AUD$4.62B on a 100% basis. The Project has ~1.70Bt of 0.40% Cu, 0.06g/t Au and 0.02% Mo for ~6.71Mt of copper and sundry gold/moly, and has a mine life of over 20 years. So ~AUD$688/tonne of Cu in-ground, with an operating mine.

SFR also just picked up a 100% stake in the Matsa Copper Mine in Spain for US$1.86B (AUD$2.51B). The Project has ~122Mt of 3.2% of Cu Equil for ~3.9Mt of copper, and has a mine life of ~years years. So ~AUD$643/tonne of Cu in-ground, with an operating mine.

The majors are snapping up copper projects to get involved in the 'green' revolution. Little CVV has a serious growing asset, which will command a high price in the years ahead!