Ann: Annual Report to shareholders , page-9

These are from the announcement:

in Sandiego:

"The expansion of the resource model has resulted in an increase of 1.7Mt or 73% on the Sandiego 2006 Mineral
Resource estimate. This potentially represents an additional 3 years of operation for a mine based on a 500,000 tpa processing plant. The new resource represents 58,000t of contained copper metal (a 97% increase on previous estimates), 149,000t of contained zinc metal (a 21% increase on previous estimates), 2.2 million ounces of contained silver metal (a 12% increase on previous estimates) and 50,000 ounces of contained gold metal"

ONEDIN:

"This new 2009 Mineral Resource represents 36,000t of contained copper metal (a 5% increase on previous estimates),
140,000t of contained zinc metal (a 21% increase on previous estimates) and 3.7 million ounces of contained silver metal (a 21% increase on previous estimates)"

* so pretty much we need copper = $3.50 & zn = $1.40 to be feasible. I seriously don't see that to be impossible on short - medium term looking at current world situation & level of recovery in both china & india.

also, I don't know if technically we can NOT mine the zn & just do the copper, is that possible? would captial requiements differ if possible? with current copper prices, I think we're on the money given the current amount of copper.

feysville:

"a further potential 2km strike extension
of the Hannans South Shear Zone, to the south east, previously untested is subject to an aircore drilling program. This program was completed in mid September"

* Yipieeeeeeee, I'm amazed at the speed of the aircore drilling program!!!!

"The intersections appear to indicate that the mineralisation is open to the south.
Further RC drilling is required to asses the potential of this bedrock mineralisation."

* no news on when RC will start :((((

DALGARANGA:

"The project conceptually has potential for calcrete hosted uranium similar in style to the Yeelirrie deposit. The project contains a paleodrainage system with large (80 square kilometre) calcrete accumulations which have drained favourable uranium-rich bedrock. While near surface uranium is not evident, potential for buried accumulations is present"

* Uranium as well!!! LOL - now I know my grand kids will have something to depend on financially :)

Finally, as much as I appreciate the Uranium prospect, I wish we could focus on what we have!!

overall, I think we're on the right track!

cheers,