Ann: Tampia Feasibility Study Update, page-17

Great to see this update - Summary

• initial mine paid off in approx 15 months
• the Conservative estimate of 20koz from Mace wont increase CAPEX
• AISC of $917 and IRR @ 46%
• Delay in construction of unnecessary process to begin with - this is smart, move more ground and learn more, flexibility to adjust the design to suit the next stage meaning better AISC and recovery

all this with much more in the bag

• exploring mace further - another 400m in the initial Mace resource
• Supergene - 11kms+ extending from the initial Mace deposit to explore to the NW
• Anomoly 8 - Approx 5x larger than Tampia / Mineralized / under explored

IMO - We have a Golden Goose set to lay many eggs over the years - why would you give it up