agm - any questions??, page-22

for those who think Alex is barking at the wrong tree

"ASX Release: 30 October 2007

LGL increases Ballarat East resource to 1.5 million ounces

Lihir Gold Ltd (LGL) has lifted its Total Mineral Resource estimate at the Ballarat East project by 7% to 1.5 million ounces, following encouraging drilling and trial mining activities over the past year.

Importantly, this includes a 27% increase in Indicated Resource to 305,000 ounces from 241,000 ounces previously. Ore in the Indicated Resource category has increased from 560,000 tonnes to 952,000 tonnes.

The average grade of the total resource has increased from 11.3 to 11.8 grams per tonne. While grade of Inferred Resource has risen from 10.9 g/t to 12.4 g/t, due to good results in deeper mineralised zones, grade of Indicated Resource has reduced from 13.4 g/t to 10.0 g/t."

[my emphasis]