"you have to consider exploration upside as well, I can't speak...

"you have to consider exploration upside as well, I can't speak for BRM on that front but UMC has plenty of further targets"

Hi Alan. BRM has a lot of exploration tenements .. about 900sqkm of pilbara tenements alone.. check out the list!

Project Commodity Status Interest Held(%)

Byro E 09/1401 Nickel, Copper Granted 100
Carr Boyd E 29/0555 Nickel, Copper Granted RTE 51
Carr Boyd E 31/0726 Nickel, Copper Granted RTE 51
Carr Boyd L 24/0186 Nickel, Copper Granted RTE 51
Carr Boyd M 31/0012 Nickel, Copper Granted RTE 51
Carr Boyd M 31/0109 Nickel, Copper Granted RTE 51
Carr Boyd M 31/0159 Nickel, Copper Granted RTE 51
Carr Boyd P 31/1442 Nickel, Copper Granted RTE 51
Carr Boyd P 31/1589 Nickel, Copper Granted RTE 51
Carr Boyd P 31/1921 Nickel, Copper Granted RTE 51
Cheela Plains E 08/1890 Iron Ore Application 100
Coongan E 45/3253 Iron Ore Application 100
Credo M 24/0449 Gold Granted 100
Credo M 24/0450 Gold Granted 100
Credo M 24/0451 Gold Granted 100
Deep Well M 39/0129 Gold Granted 100
East Sunrise E 38/1731 Gold Granted 100
East Sunrise E 39/1250 Gold Application 100
East Sunrise P 38/3287 Gold Granted 100
East Sunrise P 38/3288 Gold Granted 100
East Sunrise P 38/3296 Gold Granted 100
Irwin Hills E 39/0352 Nickel, Cobalt Granted 40
Irwin Hills E 39/0407 Nickel, Cobalt Granted 40
Irwin Hills E 39/1074 Nickel, Cobalt Granted 40
Irwin Hills E 39/1284 Nickel, Cobalt Application 40
Irwin Hills E 39/1307 Nickel, Cobalt Application 40
Irwin Hills E 39/1313 Nickel, Cobalt Application 40
Irwin Hills L 38/0107 Nickel, Cobalt Granted 40
Irwin Hills L 39/0161 Nickel, Cobalt Granted 40
Irwin Hills L 39/0162 Nickel, Cobalt Granted 40
Irwin Hills L 39/0163 Nickel, Cobalt Application 40
Irwin Hills M 39/0462 Nickel, Cobalt Application 40
Irwin Hills M 39/0592 Nickel, Cobalt Application 40
Irwin Hills M 39/0593 Nickel, Cobalt Application 40
Irwin Hills M 39/0594 Nickel, Cobalt Application 40
Irwin Hills M 39/0595 Nickel, Cobalt Application 40
Irwin Hills M 39/0596 Nickel, Cobalt Application 40
Irwin Hills M 39/0641 Nickel, Cobalt Application 40
Irwin Hills M 39/0642 Nickel, Cobalt Application 40
Irwin Hills M 39/0643 Nickel, Cobalt Application 40
Irwin Hills M 39/0644 Nickel, Cobalt Application 40
Irwin Hills M 39/0828 Nickel, Cobalt Application 40
Irwin Hills M 39/0853 Nickel, Cobalt Application 40
Irwin Hills M 39/0855 Nickel, Cobalt Application 40
Irwin Hills P 39/2588 Nickel, Cobalt Granted 40
Irwin Hills P 39/4594 Nickel, Cobalt Application 40
Irwin Hills P 39/4595 Nickel, Cobalt Application 40
Irwin Hills P 39/4682 Nickel, Cobalt Application 40
Irwin Hills North E 38/1714 Gold, Nickel Granted 100
Irwin Hills North E 38/1718 Gold, Nickel Granted 100
Irwin Hills North E 38/1719 Gold, Nickel Granted 100
Juna Downs E 47/1934 Iron Ore Application 100
Lake Carey E 39/1259 Gold Application 100
Lake Raeside E 29/0627 Gold Application 100
Lalla Rookh E 45/3144 Iron Ore Application 100
Marillana E 47/1408 Iron Ore Granted 100
Marillana L 47/0246 Iron Ore Application 100
Marillana L 47/0247 Iron Ore Application 100
Marillana M 47/1414 Iron Ore Application 100
Marillana M 47/1419 Iron Ore Application 100
Mineral Patch Hill E 39/1105 Gold, Nickel Granted 100
Mt Goldsworthy E 44/3295 Iron Ore Application 100
Mt Goldsworthy E 44/3296 Iron Ore Application 100
Mt Stuart E 08/1847 Iron Ore Application 100
Mt Stuart E 08/1858 Iron Ore Application 100
Mt Stuart E 47/1845 Iron Ore Application 100
Mt Stuart E 47/1850 Iron Ore Application 100
Newman E 52/2194 Iron Ore Application 100
Newman E 52/2195 Iron Ore Application 100
Opthalmia E 47/1598 Iron Ore Granted 100
Opthalmia E 47/1599 Iron Ore Granted 100
Opthalmia E 47/1600 Iron Ore Granted 100
Paraburdoo E 47/1941 Iron Ore Application 100
Paraburdoo E 47/1942 Iron Ore Application 100
Shovelanna E 46/0781 Iron Ore Application 100
Shovelanna South E 52/2206 Iron Ore Application 100
Shovelanna South E 52/2238 Iron Ore Application 100
West Hamersley E 47/1601 Iron Ore Granted 100
West Hamersley E 47/1603 Iron Ore Granted 100
West Hamersley E 47/1725 Iron Ore Granted 100
West Hamersley E 47/1736 Iron Ore Granted 100
West Hamersley E 47/1738 Iron Ore Granted 100
Yundamindra E 39/1283 Gold Application 100