Ann: September 2023 Quarter Report, page-15

Despite Sissingue under performing this quarter due to high rainfall, Jeff actually seemed relatively bullish on it on the conference call. One of the reasons for that is the very large positive reconciliation in tonnes (mainly) and grade. A lot of the extra tonnes are coming from the new Fimbiasso mining area which had ~120koz of M+I in the life of mine plan last year. Maybe that number is more like 150-200koz now. Suddenly mine life increases by one year.

The internal target is to get the mine life up to five years mine life he said.

I'm happy for them to keep it in this sort of gold price environment. I don't think they could get a lot for it in a sale process and the buyer would be unlikely to pay much for gold price upside. It is a marginal asset and a little bit of operational/exploration out-performance could see cashflow pick up. All it needs is 15koz each quarter which seems achievable with Fimbiasso being much better grade ~2g/t. Sissingue has a history of out performance since it was built.