The drill result is clearly positive as it is high grade and...

The drill result is clearly positive as it is high grade and indicates that the orebody continues to the west at depth. If the surrounding holes are also successful, there should be a substantial upgrade to the lower resource.

The presentation indicated that the initial underground works will only target mining of the wester copper resource, with the long term objective to develop a large scale bulk underground operation, which if successful, should see the mine life extended by 20+ years

HT, I must disagree with your sentiment towards the RRT. I live in Newcastle, which is head of the Hunter Coal Fields. Last year over 20 billion dollars worth of coal of shipped out of Newcastle Harbour. Most of the mines are either owned by the Chinees or foreign companies such as Xstrata. Why shouldn?t the Australian people get a bigger chunk of the pie. After all, in 50 years we will be left with a few big holes in the ground and degraded land and river systems. I understand the risk reward arguments, but the majority of the tax will be generated from the highest margin mining regions such as the Pilbara and the Hunter and QLD coal fields.

PS I own mining shares, including OZL, and do a fair chunk of my work for the mining industry.