OZM General Discussion, page-216

For those new to OZM:

I like that we're not a one trick Pony. OZM'S Mulgabbi Nth project sits on the boundary of NST'S Carasue dam operation only 3km from their mill. OZM recently announced a maiden MRE of 260,000 oz from 2 years of drilling. We have a granted mining lease 28/240 that can fit the full proposed staged heap leach operation.

Note: Heap leach is the lowest capex/opex style of gold mining if you have the right dirt (we do). HL operations are having huge success overseas, AP did his first HL in his 20's, .We have roads, infrastructure, potential water bore sites and pipework to 28/240, camp, net. Potential start up cost of $3m.
HL is used to extract bulk low grade, average HL grade in USA is approx. .3gt , ours is over double that with plenty of HG in the mix.
Huge upside to MRE as the gaps between prospects are infilled.
Scoping study in progress for a staged operation.