Ann: Material Exploration Target for Mt Hillalong, page-21

Can you detail your thinking a little?

Acquiring prospective tenements (eg Hilallong) and demonstrating good quality (eg Cooroorah) counts for little if production is ultimately not economical

I think we’d all agree BCB tenements will only ever be economically feasible if purchased by a neighboring mine and integrated into existing operations

For this scenario to be plausible however, BCB resources would need to be extractable at a discount to those of potential buyers. Considering the depth of the seams (at Cooroorah at least), this seems unlikely

I believe sp may rise & fall in coming months on sentiment and newsflow, but until scoping studies are released showing compelling economics and/or expressions of interest received from 3rd parties, I see no significant rerate on the cards