Ann: Same Class Equity Offer (Share Purchase Plan), page-12

From the offer document
The funds raised from the SPP will be used (depending on the amount raised):
• To accelerate developments into the high-grade resources; and increase
production levels to the maximum allowable under the resource consent being
20,000 cubic metres per annum

•To investigate and develop multiple sampling operations on the Talisman permit
area
• To investigate and seek to install a pilot plant for underground concentration of
ore which will reduce tonnage by 80% while increasing grade by a factor of
approximately 4 times in concentrate form
• To gain access into level 9 and 10 and commence further extraction operations at
deeps levels of the mine recently announced
• To accelerate completion of a bankable feasibility study
• To finalise toll treatment either in NZ or export of concentrate offshore
• Expand exploration programs aimed at building a +1m ounce minerals inventory
• To explore and implement initiatives to expedite activity, and potentially a greater
interest in Rahu and other targeted areas such as Taukani Hill (where previous
bonanza samples at surface were taken) and Dominion knoll which is highly
prospective.
• To fund alternatives that may allow full mining at Talisman including alternate
access to the orebody