Ann: Chairman's Address and AGM Presentation, page-76

My thoughts are, do the opposite of what Suni is suggesting and increase the cut off grade to generate an MRE with a higher grade. To count MEI as a peer you need to be in their sphere of grade which is 2600 ppm, more than double OD6's current 1200 ppm. I don't understand the fascination with having a billion tonnes of ore in the MRE, you will only process 5, max 10 million tonnes a year. So what use is anything over 200 mt? May as well make as high grade an MRE as you can whilst getting 200 mt. MEI's resource areas they are putting into their upcoming scoping study is only around 150 mt!

On the metallurgy front, well I don't know enough to have an opinion, but with ANSTO and CSIRO on the case you'd hope they can pull a rabbit out the hat. Hopefully OD6 can get cracking on downstream to show they can still remove the impurities and make MREC on spec from a hydrochloric based system.