Near term value enhancing events:
–Murphy South western resource upgrade underway - drilling complete.
–Establishing a 30 year mine life has potential to more than double project NPV from **$1.1 billion to $2.4 billion**.
–Project development partner discussions commenced, active engagement with a number of groups.
–Definitive feasibility study activities underway, will asses Stage 2 expansion options of between 50% - 100%.
Ann: AGM Presentation , page-2
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