Ann: Updated Kavanagh Underground Mineral Resources Estimate, page-59

Bayer3 I have every confidence that the project will get off the ground. They have circa $200 million in plant and equipment ready to make fully franked dividends happen. If HGO can’t make money with fully paid off high calibre plant and equipment, then no copper miner can make money because the fully paid off plant and equipment is what distinguishes this company from other miners and gives it a massive cost advantage over competitors.

I note the next KCCCC meeting is scheduled for 16 June. It will be interesting to see whether FID is announced before 16 June so that this can be addressed in the next meeting. Time will soon tell.