more of the same

Carrapateena/Khamsin do not solve OZL problem - what to do when Prominent Hill open pit ends.

> C/K = very expensive development projects (>A$2bn?, so will be consuming development cash as PH mine life is ending
> PH UG is not going to replace the ~10Mtpa ore that comes from the open pit

C/K still represent technically challenging projects - if these are the only projects in the pipeline = potential company killers if OZL gets them wrong

More of the same is just not enough to get OZL out of its strategic problem - need to quickly get another development project that can be fast tracked to replace PH to reduce reliance on C/K.

Also, OZL will have to work out how to finance C/K!