OZL breakout, page-4

Looks like a breakout is confirmed. I have a target of $6 in 12 months. We should get to PFS for carapateena project and commence decline to get BFS drilling underway inside 12 months and we will almost certainly have RXM with its BFS released and mining approval known in the next 6 months which will be a catalyst for potential M&A action with OZL.

Resource stocks in general seemed to have turned a corner and OZL was punished more than most in the down cycle, hopefully a strong rebound is on the way with rich ores in the expanded PH pit helping the gains continue for the next 2-3 years.