Ann: Mandilla Gold Project Update, page-3

Last time we mined 23k oz at Mandilla in 06/07, the A$ gold price was ~800 and AAR made good margin turning rocks into $$$, now the gold price is A$1,870... and now this:

"Review of the Mandilla East Prospect has identified two key opportunities to increase the current38,000 oz gold Inferred Resource:
⇒ With evidence of stockwork within the granite, mineralisation might well be better modelledas a high tonnage, low grade target rather than the low tonnage, high grade approachpreviously taken
⇒ On the basis of Anglo Australian’s new structural interpretation, the potential to increase thesize of the resource along strike to the NW in an area only sparsely drilled but wheresignificant gold intercepts have been recorded is considered to be excellent"

Another real and potentially VERY profitable gold target developing here - very exciting!

EE.