re: Ann: First Hillgrove Copper Concentrate T... Mine life is 10...

re: Ann: First Hillgrove Copper Concentrate T... Mine life is 10 years based on the current resource.

However, the current mine plan is only 6.5 years based on reserves, which is what the original financing is based on. The company does sound hopeful of further resource to reserve upgrades, increases to mine life as well as increases to the throughput.

But I don't think we can value Kanmantoo on a 10 year mine life ... yet. Some ore will forever remains stuck in the resource column. If and when it can be upgraded to reserve (or indeed new reserves found), we can say with some certainty Kanmantoo is a 10 year mine.

(Looking forward to the promised New Year reserves upgrade though).

Yaq