Ann: GOLD GRADES AND RESOURCES DOUBLE AT DUBBO DEEPS, page-4

Hi robbo,

Still trying to get my head around this JORC 2012 vs 2004 compliance, and exactly what has increased.

"A further 95,000 oz Au Eq has also been identified at a grade of 23.75g/t as exploration potential, giving a total Mineral Inventory for the Dubbo Zone of 408,000 oz Au Eq.

The exploration potential constitutes a global Exploration Target as defined in the 2012 JORC Code. The potential quantity and grade is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource"

Does the above mean only a JORC "Exploration Target" has increased, and the JORC "Mineral Resource" has not? For Mineral Resource to increase further exploration needs to be carried out?