The potential of hole HEDD128, page-84

Hi C55 and happy new year to you and all,

Re your question about moving the ounces from inferred resource to proven reserve, I went back to our PFS in Sept.

But first the process, which I gather is all about increasing confidence/certainty that the ounces can be mined technically, economically and legally (eg EIS and mining lease, native title done):



The headline in the PFS was "Maiden Hemi JORC Probable Ore Reserve of 5.1Moz @ 1.5g/t Au" - what a great day it was!

Although we had a total of 10.6Mozs for the whole Mallina project as at the May update, we went from Hemi indicated 5.8Mozs to maiden probable 5.1Mozs like this:


From the AGM:



And again from the AGM, very pleasing to see this as a major focus for 2023 not just for DFS and FID etc, but "to increase reserves and maximise debt funding potential" - Mac Bank where are you?

Business as usual for Team DEG, drilling will recommence soon, resource update Q2, debt package in place Q3, DFS Q3, mining lease Q4, construction Q4 etc etc.

Management have delivered 100% so far, who could doubt them, not me, cheers.

GLTAH!