Kanappa Extension, page-11

Hi Dockie,
The results in respect of a possible mine life extension were revealed in the June Quarterly Report issued on 31/07/2017 (page 7 onwards) and concluded:
"Hillgrove has approximated an Exploration Target at the Kanmantoo Copper Mine of between five and ten million tonnes with a target grade of between 1.7% and 2.2% Cu and 0.4g/t to 1.0g/t Au, containing approximately 80,000 tonnes to 160,000 tonnes of copper metal and 60,000 ozs to 120,000 ozs gold.
The size and grade of this underground Exploration Target suggests that a significant increase in mine life may be possible at Kanmantoo given that the zones are all within 250m of the existing in-pit haul road and they are all proximal to the existing low-cost processing plant."
Today's trading defies explanation (by me) but I think the buyers have acquired a reasonable parcel at a good average price.