Ann: Appendix 3B - Acquisition of Oz Minerals Ten, page-4

re: Ann: Appendix 3B - Acquisition of Oz Mine... Why should they spend money on that right now? We currently need to
- get Hera up und running,
- do more drilling at Hera and Nymagee,
- explore Federation and the CoCu prospects
- maybe have a second look at Zeus.

The OZL ground is for way down the line. For the time being, I'm happy to just let it lie there (unless we need spend money to fulfil contractual or other legal obligations to keep the concession)

Once Hera is up and we have drilled Nymagee and Federation, we can start again looking elsewhere ...



P.S. I'd guess that when they did the sampling that led to the Federation discovery they also looked at the OZ tenements, without anything looking as good. Hey, we got them REALLY cheap.