Ann: Nymagee Scoping Study Commences, page-4

Hi Moorookamick.

I broadly agree with your comments. Debt repayment should be a priority, and looking at the announcements and comments by management over the last couple of months this seems to be so.

However, this is just a Scoping Study. Considering the forward planning issues, applications, a full mine feasibility study that may need to be conducted, government approvals that are required before a mine can even be constructed. Nymagee isn't going to potentially be a producing mine for at least the next 3.5+ years even if fast-tracked.

When you look at the current copper price and forward forecasts, copper seems to be the commodity of 2017 and with a large deposit just 4 km away, I can see why management are wanting to more thoroughly investigate what we may be sitting on, and they can again begin to promote a good news story to the market.

This announcement can be seen by the market as a positive future mine, an increase in resources and demonstrate to investors that Aurelia have overcome its past issues.

All the best.

KKR