Ann: Strong Maronan Resource Review and Maiden Indicated Resource, page-14

Just added the starter zone and highlighted it in pink. On paper, the starter zone appears to be around 18% higher valuation per MRE ton than the entire project, BUT there is no cu/au resource included. The lead equivalent grade is 9.6% and the 2016 scoping study mentioned 10% lead needed for the project.

The starter zone diagram below, definitely shows cu/au mineralisation looking from the east. The fact that MMA did not include the cu/au, may indicate that they intend to leave the ore behind and maybe look at the ore when the copper price rises enough to make it worthwhile. From memory, the cu grades are lower closer to surface. Can't think of any other reason as to why the cu/au was not included in the starter zone resource but is included in the entire project resource.