Ann: Presentation to International Analysts and I, page-6

re: Ann: Presentation to International Analys... LETS see the Dec Q. and make of it then ..this is Sept Q. UML recorded quarterly production of 7,100oz of gold at $1597/oz cash costs which was well below PSL’s estimate of 11,000oz at $1107/oz cash costs. The main reason was lower grades (3.5g/t) as a result of the continued development to access the high-grade Read zone and some one off-operation issues. With development complete and UML entering the higher grade Read zone (+10g/t) production should improve significantly in the Dec Q. We are anticipating 12.7Koz at A$977/oz for Dec Q. UML remains on target to produce 45-55koz in FY2013 (PSL est. 50koz).