Ann: QUARTERLY ACTIVITIES REPORT - MARCH 2024, page-17

From the call there were a few more good points.

Extending Mt. Colin mining out to Sept and processing of ore to December will allow more cash to be generated at a good copper price and allow the mining team to transition to Barbara to start underground mioning at Barbara, with the hope of processing the ore ( as in the past) at Gl;encore Mt. Isa.

Doubling lifting of ore at Avaoca Tank to go through the Tritton copper plant will give far better copper tonnage with a small offset in dilution.

Across the group $29m cashflow from operations was generated and best of all the higher copper price will kick in from this new quarter (Q4 Fy'24)

Payables reduced by $13m in the quarter annd AL stated that there is about $5m -$10m of payables reduction in mainly day to day payables that would mean that total payables is in the expected steady state range. Hopefully higher copper prices helps with that.

Exploration drilling at Cracow has revealed some very good hiots at Apollo which if proven could be brought into production very quickly.

Enough equipment and labour has now been secured to properly man each mining team at both Avoca Tank and Murrowombie at the Cobar (Tritton complex).

Some good questions from the three guys that dialled in.

All in all we may be in for a pleasant and successful Q4 which would be a great lead in to FY'25.

I have to say happier now that 2 hours ago.

Cheers......D