Ann: ROUGHER CIRCUIT UPGRADE COMPLETE AT CENTURY MINE, page-9

"The rougher circuit upgrade was delivered under budget and four weeks ahead of schedule, withthe achievement representing the third and final milestone of refurbishment activities required forthe scheduled ramp up to 12Mtpa throughput"

An excellent achievement, with 12 Mtpa and expected improvements in recovery rates, costs per tonne will gradually and substantially decrease over the next quarters. Any improvement in zinc price will make NCZ a cash-cow machine.