Ann: Chairman's and CEO's Address to Shareholders, page-2

1. Pilot Plant construction, commissioning and operations – COB processed 43 tonnes of drill sample into 8 tonnes of concentrate, which was further refined into Mixed Hydroxide Precipitate (MHP) and cobalt sulphate as samples for commercial evaluation. The lessons learnt during Pilot Plant operations were valuable in today’s Demonstration Plant design. To highlight the scale of current operations, the Demonstration Plant concentrate circuit produces more than 8 tonnes of concentrate every 4 hours.2. Recutting the BHCP mineral resource to include nickel as a potential revenue stream.3. COB expanded its Broken Hill tenure with the grant of EL 9254. QUOTE

With the prospectively endowed nature of the Broken Hill Province have always thought the nature of the geology could include other metals . The mention of nickel is interesting may be valuable down the track. Even rare earth is now being discovered in the province probably not in our resource but all adds to the story of Broken Hill IMO