Ann: Drilling Underway in Tennant Creek Copper Targets, page-21

RDM have tight capital structure and considering the longevity this is commendable. With BHP and RIO grabbing the headlines in 2018 with their massive intersections (huge on any level) proves a point about business generally - often it's a battle of resources - manpower, time, quality of resources, quality of expertise and experience.

RDM have secured targets to drill in 2019/2020 in and around these major drill results produced by BHP and RIO last year plus a numerous others. What is commendable and probably not picked up by the market is RDM were "in there" securing ground to drill prior to the hits and intersections produced by these majors. The leads to the conclusion the knowledge base of management is "up there" comparable with larger operators/best in the business.     

OZ minerals obviously see something with us. The decision to JV with us is no fluke. The optimal structure in this game is to have buckets (decades) of experience and the knowledge base accumulated of where to put the drill bit but be light on your feet and nimble so decisions can be made quickly, capital conserved and used efficiently.

Success is often a matter of persistence and consistency. The game plan feels right with RDM. Decisions not to chase lithium and cobalt can now be seen by the wider market as smart strategy. Good things do come to those with the patience to wait.