Zinc inventories break down through the 400K mark, page-4

From the "Acquisition completed" update in November:
* At a 3% zinc cut-off, the higher grade Mineral Resource mainly associated with the Cathedral Vein is 1.8Mt at
5.6% zinc, 2.0% lead, 125 g/t silver and 0.2 g/t gold or 1.8Mt at 9.8% ZnEq*
* Majority of the Mineral Resource contained in the Measured and Indicated categories
* All veins remain open at depth and along strike & there is significant scope to increase the resource
* ~30% of the mineralised intercepts were not assayed for gold

The company also ran a Magneto-Telluric finding:
* Strong MT resistivity anomaly associated with zinc-silver-lead mineralisation
* MT anomaly extends for at least 1km along strike (ESE) beyond the existing Mineral
Resource and >1km at depth

The update also noted that there is copper potential at the site as well:
>5% copper at surface at Doris Loreto
* Large unexplored alteration anomaly at Loreto (porphyry-Cu potential)
* Loreto over-pegged by Codelco & BHP
* Loreto is 35km from BHP’s Cerro Colorado Mine (Mineral Resource of 400Mt at 0.62% copper)

The expected timeline going forward is (updated from the update to reflect current status):
* Finalisation of Permitting for Drilling [completed]
* Commencement of Drilling to Test Extensions to High-Grade Mineralisation [commenced]
* Drilling Results [between now and May 2017]
* Further Metallurgical Test Work to Optimise Recoveries [Expected May 2017]
* Upgrade Resource to JORC 2012 [Expected July 2017]
* Re-commencement of Feasibility Study [Expected 2nd Half 2017]