ann out: higher cash margins, page-2

reads well

?? Outstanding high-grade drilling results extend Paulsens’ Voyager 1 lode a further 150m down plunge from current resource model
?? Results of infill drilling show grade of existing extension zone is set to average 14gpt v’s life to date Voyager 1 head grade of ~8gpt
?? First ore from Voyager 1 extension zone expected in December Quarter, 2012
?? Paulsens on track to start increasing production from ~80,000 to ~100,000ozpa by end of 2012
?? Voyager 1 extension zone remains open at depth ?? Latest result from Voyager 1 of 2m at 101.1gpt is the
deepest intersection ever recorded at Paulsens
?? Latest results from Voyager 1 and all results released to date from Voyager 2 are excluded from the current 318,000oz2 resource estimate
?? Increased resource estimate will underpin upgraded mine plan, production and cashflow projections
?? Significant results from Voyager 1 include (uncut);

33.0 m @ 24.8 g/t gold 2.0 m @ 101.1 g/t gold 0.7 m @ 121.0 g/t gold 1.0 m @ 43.7 g/t gold 6.3 m @ 40.4 g/t gold 2.6 m @ 13.7 g/t gold 7.0 m @ 12.8 g/t gold 6.7 m @ 11.2 g/t gold 10.6 m @ 11.1 g/t gold 7.0 m @ 11.2 g/t gold 12.8 m @ 8.2 g/t gold
(true width 4.0m) 455mRL UZ (true width 2.0m) 380mRL LZ (true width 0.7m) 411mRL UZ2 (true width 0.6m) 440mRL UZ2 (true width 1.5m) 431mRL (true width 1.4m) 460mRL UZ2 (true width 4.0m) 475mRL UZ (true width 4.0m) 463mRL UZ2 (true width 5.5m, 475mRL UZ (true width 1.5m) 431mRL (true width 2.4m) 401mRL UZ2
?? Further assays pending for Voyager 1 and 2