Ann: BM1 Copper Drilling Update , page-4

The mineralisations sounds like a skarn type of deposit. Blebby chalco and veinletts are fine, but ENR require a lareger zone of stronger mineralisation. There is plenty of possibilities for this to occur with this style on mineralisation, however it needs to be found and sometimes the richer zones are small.

Plenty of scope, but I feel they are drilling aimlessly. It is unclear whether downhole geophysics is being used, and the style of mineralisaton would be suited to IP rather than EM.

The copper min they are seeing would be good as an open pit, but the deeper stuff needs a high grade (+3%) zone to make workable.

It is good that the copper is chalcopyrite - this is a very good copper ore and its processing into a 30% concentrate is very well known and achievabale (0.8% to 1% Cu is the processing cost).

They need to find a decent zone of +2Million Tonnes @ +2% copper to make economic, sub 2's are probably why the market is not too excited at the moment.