AGM 2016 - Impressions, page-4

Very good summary Dasa. I've got one further note. A point was made about Lakewood Mill (ex SLR) now being owned by a private consortium and able to toll treat ore. Simon mentioned a goal of having a 2nd operation up and running within a 6 month time frame. Whether this is a pipe dream/wishful thinking I really don't know (source of ore??) but the annual report gives credence to this in the "What's next for Southern Gold section" of Simon's report. It would certainly be a nice bonus to keep the cash flowing to continue supporting a drilling program in Korea to find that significant discovery we'd all like SAU to achieve. I feel we've got a good team both here and in Korea. I'd be even happier if the gold price would regain the A$100 lost to that of a couple of months ago, as that's good additional margin we could make use of. Would have like to have stayed longer, maybe next time.

Cheers