Ann: Thick Copper Hits as Drilling Accelerates at Storm, page-39

I can only assume this is some spin from you for the purpose of trading, or you do not understand how these things work.

All the assay data is included in the resource model.

The cut-off grade is a balance of MRE size and grade - but most importantly it will impact on economics of Storm.

If they used a cut-off grade of 0.35% for the MRE it is simply because they consider 0.35% to be economic at Storm.

That makes perfect sense - they stated last year that 0.5% for open pit was considered economic elsewhere, and with the proposed beneficiation for Storm, Storm will likely be economic at even lower grades - like 0.35%. Perhaps even lower.

There is no subterfuge here - they are simply putting together an MRE (perhaps to dual standards).

The MRE update that is coming will drag some resource into the indicated category - which is what will be necessary to report economics in the PEA.

They may even increase the cut-off grade for the updated MRE once more is in indicated and the MRE is bigger after this year's drilling - no doubt they will be guided primarily by the economics.