Ann: Plomosas Plant First Operations Update, page-31

it's certainly been a challenging time and they have delivered in various areas such as moving to full ownership of the mine, mining development and commencement, the court case a couple of years back, establishment of the initial third party processing agreement and transfer to the new third party processing, the construction and commissioning of their own plant, ore mining/processing volumes etc.

The only disappointing area has been the overall mining/processing costs which has crept higher vs projections. It always feels like the next quarter will be 'the one' but so far it hasn't happened.

It will be interesting to see how the new plant is performing on recovery and how they go overall with cash flow this quarter given the ramped up processing including clearing of stockpiles,higher zinc price throughout the quarter and reduced concentrate treatment charge.