3One of the more exciting things we’ve found in recent times is...

3
One of the more exciting things we’ve found in recent times is the Victoria
mineralisation, which we’ve just started to drill out. We’re discovering very wide
zones of high grade zinc and copper mineralisation, which we would expect to be
feeding into the Mungana treatment plant when that comes on stream. Victoria is
located only 5km to the east of the Mungana deposit. It’s early days for Victoria,
but it does have the potential to be larger than anything else we’ve found in the
Chillagoe district.

The wild card in our portfolio is a potential large-scale, gold-copper-molybdenum
development at Red Dome and Mungana. We will be adding to the existing 53
million tonne resource there this year.

The objective in North Queensland is to maintain at least a five year mine life at
all of our operations, collectively producing 45,000 tonnes of copper and 100,000
tonnes of zinc in concentrate per annum.

I believe glengarry resources is part of that annual production in the near future.