Ann: Operations Update, Ungani EPT and Forward Pr, page-2

re: Ann: Operations Update, Ungani EPT and Fo... Pretty downbeat announcement. Don't really understand the rationale.

Also wondering why Alcoa agreement has been pushed out to 2015 when the required reserves could easily be certified in 12 months or less.

Presumably an updated resource picture for Yulleroo will be out in the New Year. Still no reserves certified though. Using a new consultant to do this too. Why?

It's very frustrating that no inkling is given of the reason behind the protracted process of reserve certification.

Disappointed to say the least.