Ann: Multiple Regional Zn-Pb Prospects Identified-CZL.AX, page-2

Funding of Exploration

The recent exploration work, even at this early stage, has been successful in defining numerous prospects that would justify significant exploration expenditure including drilling. The Board has determined to prioritise this expenditure along with that directed to ongoing resource definition drilling.

Mr Dix commented: “The discovery of +5% combined zinc and lead coincident with a gravity feature in a host unit well away from the mine, as well as the additional anomalism several kilometres along strike within the mine sequence, gives us a great platform from which to launch further work at the end of this year and into 2017.”