Ann: December 2011 Quarterly Activities Report , page-2

re: Ann: December 2011 Quarterly Activities R... Everything looks as upbeat as anyone could hope for - SLR is steaming ahead!

"Cash operating costs for the quarter were A$536 per ounce, 29% lower than the previous quarter due to higher grades and increased production."

Clearly getting set for 30,000 to 35,000 ounces in the current Q, seems we have begun to 'hit our straps'. Wombola looks hot and assays to come for two other Eelya complex Cu/Au/Ag targets (all these targets to be drilled this Q also!).

Gold!

Drewe.