Ann: Progress Towards Recommencing Gold Mining at Agate Creek, page-46

Pajingo is one of the 4 foundation mines thatbEvolution consolidated when it was founded. Pajingo and Mt Carlton in Nth Qld and Cracow and Mt Rawdon in central QLD. Each of the 4 produced circa 70,000oz and $50mill to make EVN what it is. Recently Evolution want to play with the global Goldie’s so are selling all 4 and buying into Ernest Henry, Red Dome is it. A big mine in NSW eyc.

EVN sold Pajingo to private Chinese Minjar few yrs ago and just sold Cracow to Aussie junior AIS. Rawdon and Mt Carlton being dressed up for sale also.

All 4 generally at end of current life needing major capital to dig deeper to new life.

Pajingo is 40km south of Charters and Maroon Black Jack (the original Charters Towers mine acquired from CTO) is 10km south of Charters

All those plants have seen their mines raped over last 5urs of high gold price and now seriously struggling to fill plants. They are all looking for external feed.

10g/t dirt can afford to be trucked 1000km or more.