Ann: AGM Presentation, page-52

My question is: Why drill Succoth? The latest videos have management talking about multi-decade operations at WMP. So my guess is your Option 1. I'm skeptical about a 10Mtpa plant. As I've said before, it doesn't make sense to me to spend money drilling Succoth unless OZL is thinking about 20Mtpa plant. Why spend money drilling out 0.6% Cu orebody that won't be mined for 15-20 years. Perhaps I'm too amateurish in my analysis. Actually, none of what OZL has done makes sense unless they think WMP is a major project and/or there's a major problem elsewhere. But I know nothing about OZL. Finishing Stage 1 6-8 months early and bringing forward Stage 2 suggests major project status even if that's not the language being used.