roadshow, page-7

Hi HT, only speculating, but my guess is that in recent quarters mining tonnes seems to be lagging processing capacity (10Mtpa) so the extra Malu ore will just go straight through the plant. Some low grade ore would be stockpiled if mining gets ahead of processing.

Good news is PH production should be comfortably over 100 Ktpa once Malu comes on line, again only speculating, but it might push the 110 to 120Ktpa band.

There have been some good high grade hits Khamsin (such as 96m @1.2%Cu, 63m @2.8%Cu) so in my view it is looking promising. It will be interesting to read the commentary about it in the next quarterly.

Also, my understanding is the Dolomite Zone at Malu UG (53m @ 3.3%Cu) is a new zone, so that is good news.