re: Ann: SRK Appointed to Lead Concept Study ... Indeed...

re: Ann: SRK Appointed to Lead Concept Study ... Indeed Butchy.

Any progress towards production out of Bungaroo South will really put a rocket up RIO because it can be done (provided we have funding) without any involvement of RIO.

A deal with AQA/API to access the proposed Anketell line, and securing of berths at the new port (didn't our new CEO recently work on big new port projects in WA?) and we are a threat of producing DSO right under RIO's nose.

They certainly won't want that, will they?

Current Bungaroo resource 240Mt will be upgraded for sure but even the existing resource offers 12 years mine life at 20Mt p/a. Drilling at other targets within the Buckland Hills tenement should easily add additional 100-200Mt between them.