Ann: Presentation to Brisbane Mining Conference, page-10

Hi Mornington.

Good point.
The Emull prospect has a not too shabby open pittable resource of 4.7Mt @ 4.5% Zn 0.33% Cu 0.2% Pb and 19g/t Ag.
Using the latest prices of Copper US$10,341 per tonne and Zinc US$4,017 per tonne that provides a ratio of 2.56/1.
That equates to a 4.7 Mt Resource @ 2.08% Cu Equivalent without the the Pb and Ag credits.

Whilst at Onedin currently, before the upgrade we have a Resource of 3.3Mt @ .90% Cu and 4.23% Zn which using the same ratio as mentioned above equates to 3.3 Mt @ 2.55% Cu equivalent which is very healthy if the Met results are favourable.

The current cut off grades at Onedin are 0.8% for the Cu and 3.0% for the Zinc which is high for an open pittable deposit so there is considerable leeway to lower these, which will in turn increase the resource tonnes.
Topped up yesterday.
AIMO
Please DYOR.

Jim.