Ann: MD Presentation for the AGM, page-5

Review of AGM:

May production to be released next week. The increase in production trajectory maintained so I would expect production of between 900t and 1000t of contained copper.
Company free cash flow was positive in May. Very positive as a lot of costs such as development occur at the start of a mine.
Copper grades into mill around 20% higher than expected. They are not sure why. Hope there is no offset with lower than anticipated grades in future.
Concentrate grades expected between 24 and 28% copper and around 2.t g/t gold. Not quite there yet. Low impurities.
Production costs lower than a fly in/fly out operation. As an example truck drivers get around $90K as against $140 K pa at a fly in/fly out operation.
Drill testing at present at Kavanagh Deeps. 3 holes completed and one currently in progress. Could not discuss further. Not sure how to view this.
Very good rock conditions.

All in all a very open discussion. Came away pleased.
Any other comments I will advise.