Ann: Heads of Agreement signed with Cassini Resources Ltd,CZI-OZL.AX, page-24

Burner,

Won't jump ahead of Carapeteena for OZL, that would result in a big gap in production. Things like this take time, and even if all goes well this won't be ready for big capex until about the time C is due to commence spitting out cash (as OZL stated in the release).

Let's see what OZL thinks about this in 12 months. As a long term OZL holder it would be great if OZL was able to get something into shape here to move the. C development team straight onto, use some of the cashflow (and reduce our dividends lol).

Early days, but even if just as an OZL holder I will be watching this closely. Will regularly need to consider whether to take a CZI stake.

EL