Ann: Investor Presentation - RIU Explorers Conference 2023, page-2

Factual with no guesses at timelines but first Midway results this month,
A clear pathway to a very profitable production is described but upscaling the project is clearly the goal.
100K+ oz au PA is likely to appear in the feasibility studies.
Interesting to see that the no 1 priority new discovery target is Linda Gossan
This was announced by JV partner Venus Metals (50/50 JV) last year (VMC Exploration Update 10th Oct 2022),
Venus were drilling for zinc/copper when they hit gold 9m@ 15.6 g/t (inc 3m @35.2 g/t) right from the surface
A JV meeting with Rox was organised and the target upgraded.
The location near the RMS Mt Magnet mill makes this a compelling target for Ramelius.
Even a small resource such as a high grade 100K oz au would be commercial with a shallow pit mine and ore tucked to Mt Magnet,
Perhaps even less could be commercial it's oxide gold with an AISC margin of $1000 oz au.



My opinion