Ann: Empire Capital Partners Research Note, page-17

Just another note ..
The recent high-grade results from Cascavel do not come as a surprise to the OGX board and management. Sample results dating back to July’14 showed 0.5m @ 842 g/t (27oz from metre 17.34 to 17.72m of decline) and 2.46m @ 239.4 g/t Au (7.7oz from metre 15 to 18.16m of decline) (refer ASX announcement – 7 July 2014). In essence, this is not a new story for the board and management; it’s just a forgotten story, whereby the potential for Cascavel got lost in amidst of its operational start-up problems back in 2016-17. Cascavel could potentially be one of highest grading gold mines in the world.