where to next week??, page-72

Hartleys....resource upgrade BEFORE end of year!

The Randalls/Mount Monger JVproject resources are set for an upgrade before the end of the year, results to date indicate that this upgrade could be considerable.

Based on the drilled results received to date, we have conservatively factored in a resource upgrade of over 550Koz, which is a ~45% increase on current 1.26Moz resource for Randalls/Mount Monger.

This resource increase increases the project mine life and as such increases our Valuation and Price Target.