Ann: Presentation - Diggers & Dealers Mining Forum 2024, page-4

Thanks @Lombard1. My key points from this presentation from about 10m into video:

1. No deep DD occurring at Mt Hope only shallow infill to extend the Open Pit resource. and this could easily grow to 25-30kt annual production. Very expensive to drill deep and that only extends the back end of the mine life so drill the shallow and firm that resource up.
2. Copper price of $12,000 used in the scoping study sets the cut off grades. Copper price of $14,000 increase existing inventory
3. Drill already turning on new prospects and Mohawk drilling in 2-3 weeks when permits finished. Drilling will focus on open pit targets.
4. Potential consolidation will occur in the region and CNB should be a big part of that.