Ann: Maronan Preliminary Mine Scoping Study Results, page-2

So there it is folks, a very preliminary study. Presumably the idea of a haulage shaft was killed off immediately due to the high initial capital cost. That's fine but it makes the mine more susceptible to high fuel prices in the later stages of the mine as you are trucking more km up a spiral decline to surface. Everything else with the stope sizes and mine design looks like a very typical garden variety underground mine.  The other interesting thing is whether RDM can cut a decent deal or not to truck ore to the S32 Cannington concentrator or not, that would save the expense of building a standalone mill and  concentrator at Maronan. Its important to note that although its not specified, they may need to do detailed stope delineation drilling in conjunction with the underground development to better refine the exact ore dimensions for mining - this is also what they did at Cannington at start-up.

	Column 1	Column 2	Column 3	Column 4
0	Commodity Price	Unit	Long Term Forecast	Current Price (07/03/2016)
1	Lead	$US/t	2200	1831
2	Silver	$US/Oz	16.5	15.5
3	Copper	$US/t	6500	4830
4	Gold	$US/Oz	1050	1260
5	Currency	$AUS/$US	0.75	0.74

Some people would call their pricing and exchange rates a little heroic but I think they're fine, would have also liked to have seen a sensitivity analysis with exchange rates, metal prices and fuel prices but maybe a bit early for that sort of stuff.