slow & steady wins the race..! n/c, page-5

the slow part is true.........

The finalisation of the definitive capital and operating costs
estimate for the Kainantu Gold Project will be delayed.

Recent metallurgical test work on a bulk sample collected from the
strike drive has demonstrated excellent gold recoveries in excess of
93%. However, this section of the gold mineralisation has reported
higher levels of soluble copper than encountered in previous
testwork.

As a consequence, additional testwork and engineering studies are
required to finalise the metallurgical flowsheet. The capital and
operating cost estimates cannot be completed until the process
flowsheet has been determined.

The additional work is expected to take up to three months to
complete.