Ann: Results of Annual General Meeting , page-25

"The Deflector resource is a gold-copper-quartz-sulphide system which has a weathering profile of oxide,
transitional and primary mineralogy. The copper mineralogy of the oxide and transition zones makes Deflector ore
unsuitable for treatment in a conventional carbon in pulp (CIP) or carbon in leach (CIL) cyanide leach gold
processing plant. This is because there is too much cyanide soluble copper present which dissolves in the cyanide
leach circuit and loads onto the carbon, thus reducing the ability of the gold to be recovered onto the carbon.
The previous operator of the Gullewa Project attempted the processing of Deflector oxide ore through the existing
conventional CIL gold circuit with disappointing consequences."

Why didn't previous owners use this method in the first place? It is cheaper and more environmentally friendly. There is no way to know if it will work until production commences. It isn't about process, it is about the ore. I have seen companies stating good recoveries and then later in practice very different. I bet the last company said the same thing to their shareholders.

fbx258, This is probably the first time ive heard of Sprott requesting to remain annoymous though.