Ann: Update On Activities At The Morila Gold Mine, page-15

What a great update, can’t help noticing the announcements are flowing now the big seller(s) have finished. Good on you Doc!

To get all that work done in Australia would cost an absolute fortune, in Mali where the average annual salary is $1500 it’s really just the cost of the materials. We should have news of the Mining tender award very soon along with the mine plans for the 3 satellites.

Very pleasing to hear the refurbishment of the primary crusher and the oxide crusher is complete. With the primary crushers retaining structures 90% complete, we’ll be able to start processing some of those stock piles very soon. The civil works for the 6mw power plant is complete, the plant itself is in a shipping container, so just drop it in, hook it up. They obviously prioritised this. Those 350k tonnes on the ROM pad, though only 0.4g/t at 90% recovery will far exceed the tailings production rate. Quick calculation shows 4,000 oz. Processing that at half plant rate (what they’ll be doing with satellites) = 28 days. This I’d assume is ontop of the tailings say half & half. That ROM pad will be growing each day too.

More boxes ticked, everything going to plan and on schedule. No reason why we won’t be doing 200,000 oz in 18 months, get into that higher grade stuff and Doc Mike will have his 250k pa incentive met.