Ann: Drilling Intersects Mineralisation 80m Down Dip from Lvl 7-CZL.AX, page-16

Sector Lead

Was a big fan of the acquisition, results and support from new major holders early on however something here is not right. Continued solid results are always sold into despite rising zinc price. Perhaps the need for continued capital is a problem but I'm not convinced, perhaps locals or vendors are not as supportive as imagined or other issues.

RVR is A$50-$100M in capex and a 1-2 years in front of peers which adds more to the picture than just zinc grade.