Ann: AGM Presentation, page-10

Succoth is definitely not in the Number for the 15 yer resource to be miner. 

What Greg Myles said they're doing there on the last hole now for the year in a bit of infill between what they have interpreted as mineralization. i.e getting a feel for the style of mineralization. They can then broadly drill other sections and call it resource. 

So what we have is several hundered million more tonnes that could be mineable. Either from Succoth or by dropping the cutoff grade at Nebo Bable  from 0.25 % Ni to say 0.215 if / when economic or OTH Yappsu  plus others.   They going to get a mine up with High IRR & NPV then look at the Ni Price condition to decide where to go from there. 

Bevan says  you can see from useage of OZL's funds for earn in above the 51% rushing to 70% by maybe mid next year that they are pushing to get to DFS  level.  They may be able to avoid BFS (bankable feasibility study) if OZL are prepared to arrange the funding. 

I think the key is to keep  our eyes open for OZL's announcement on funding plans for the mine that wont involve CZI equity raise at a low price I'd say that's in four to six months but I got  feeling Bevan was winging it a bit on that call. It does, however, sound like Andrew Cole from OZL is starting to say those sort of things some of which were said at the OZL  tour in SA. for Prominent Hill And Carapateena. Apparently Bevan was the only other non-OZL person to speak. 

Another thing feeding into the idea that OZL will help CZI get special funding is that they want to be partner of choices for small  explorers who want to JV.  OZL have about a dozen projects they're partnering others with but the want to make sure they are not seen as screwing (my word) the smaller player they JV with. 

As I said a lot of this stuff has been heard in snippets but at least this time I know I got it from the right end of the horse. 

E.g some  (old?) guy in the audience said there was rumour around Kal that the Japanese were buying up every nickel project thya could get their hands on. It seemed news to Richard Bevan & Mike Young. A few people seemed interested in the Tim Tams too.