Ann: Half Year Accounts, page-5

“For the reporting period total gold sold was approximately 8,500 oz with total revenue of over $19 million. Laneway’s net share of this under the Tribute Agreement is 2,635 oz - $5,600k. The company has an amount still owing to it from Maroon Gold of $1.825m. Whilst about $300k of the amount owing is disputed by Maroon Gold, Laneway also currently has concerns about the timing and ultimate recoverability of the full amount of the debt from Maroon due to Laneway’s concern as to their current financial position. While Laneway remains optimistic that some or all of this amount will be recovered from Maroon, at this time a provision for the non-recovery of the full amount has been made. The company has recorded an operating profit of net profit of over $2 million for the reporting period - after fully providing for the $1,825k still owing by Maroon in relation to the agreement.”