Ann: Collerina Project Drilling Update, page-9

Treatment options elsewhere but ..
RoyE, I agree that there are possible ore treatment options at other facilities in the region (depending on tolling costs etc.) but, FWIW, my strong gut feel is that we'll end up with a plant down in our acreage because we will get enough confidence about our own copper inventory. I like your lateral thinking but I just want us to focus on drilling more of our high-potential acreage first.

Must drill up our portfolio
Today's announcement shows that Collerina is bigger than the current, conservative resource statement. We have numerous other targets in our own acreage, within trucking distance - and much closer than the facilities at Tritton etc. It's embarrassing to list them given our frustrating lack of exploration drilling but with a copper bearing gossan proven at Yathella (Collerina was a gossan, too) only 6-7km to the north, there's just one example of the many other areas that needs a concerted drilling campaign.

As you know, it's not the easiest part of the world in which to locate the deposits, with their typically small footprint - although outcrop helps - but with mineralisation that goes way way down, and good grade, the rewards can be huge (e.g. Tritton).

Capital management!
With our current circa $8.5M market cap, the stock has huge upside if we thoughtfully get after it! ... Which leads me to capital management. Whatever it takes, we must get on top of this, especially with the likely demand for copper over the next several years.