Ann: Updated Resource 2013 , page-55

Ozblue,

Read the notes in the JORC release.

There is no missing native copper. The competent person indicates this in the notes. Plus the fact the deposit has been drilled comprehensively makes it highly unlikely there is missing

As for the magnetite, it is almost certainly uneconomic. Not only because of the head grade, which is very low, but also because the DTR results indicate the product is only 62%. Too low given the IO resource has no scale, needs to be closer to 67 IMO.

Around half the 'upgrade' is due to the magnetite. Make of that what you will.

Yes they have a small, sterling, high grade resource. Outside of that the deposit is only average. Steep dipping and low grade doesn't bode well for long term economics. The small scale stuff does.