Ann: Co-O Mine Update , page-36

Denver gold show video:
http://www.denvergoldforum.org/dgf12/company-webcast/mml:au


* $35m of $70m left to spend on Co-O expansion as of June 30

* Bananghilig 5mtpa plant, expected to be multi-million ounce deposit when fully explored

* Saga shaft reached its 350m depth last week, now being equipped, operational just before Christmas

* Permits now flowing again after the mining review... MML has been advised that their ECC is on its way

* 80% conversion of Co-0 resources to reserves (implies current 8-yr life at 200k pa)

* Expect to have the same level of mineralisation on the Western side of the Oriental fault as occurs to the East