key take aways, page-23

Firstly, well done to Simon Mottram and his team, really great effort to achieve greatest bang for our buck.

2.48mt @ 3.26% for 80724t of copper are now classified as MEASURED (and ignoring the gold). Explains why they may be looking at plant with extra capacity. They were targeting 3 years production but have done much better than that.

Management are clearly pleased with the results of the upgrade and now confident of "efficient conversion from resource to reserves". Blackrock will also be pleased I would imagine as it exceeds what was expected in the previous economic study.

Note also the upside which is evident with the high grade zones open to the east, to the west and also at depth. We have over half a billion dollars worth of high grade (3.26%) copper in the highest confidence, measured category, which is cropping at surface.

Very nice announcement in deed. Now whens the next announcement ;-)