Progress summary, page-43

Mike,

re SLR: on checking back I left a note to myself regarding a lack of clarity regarding D&A. However, I have now found a reference to it in the reconciliation shown within the directors report. Leaving it out had increased the bottom-line AISC, which I have now amended.

I also note that SLR have increased development capex which will inflate AISC until investment outflows fall back to sustainable levels. My estimates for AISC are actually more like Full Cost Reporting because I also include Development CAPEX.

The resultant is a reduced 1H15 AISC of US$1,318/oz.
CPDLC