Ann: Westgold Declares Maiden South Junction Ore Reserve, page-7

actually i'll retract my statement. Bluebird mill not operating at full capacity. this is a big step forward

from the argonaut analysts:
"• Increased mining rate: WGX will implement primary/secondary transverse stoping method to extract ore at South Junction, which will enable the mining rate to more than triple to 1.2mpta.
• Reduced trucking distance: The Bluebird-South Junction mine is located adjacent to the Bluebird mill. The increased mining rate will enable WGX to reduce trucking of material from other mines including Fender, lowering overall operating costs.
• Maintain BUY: The maiden reserve for South Junction will underpin a material lift in the mining rate for the project. We note that our forecasts had already incorporated an increase in the mining rate to 1.0mtpa, albeit at a slightly higher grade than the updated reserve. We see scope for further increases in reserves through conversion of resources and extensions of mineralisation along strike and at depth at South Junction. The ramp up of South Junction underpins our view that WGX has a pathway to grow production beyond 500kozpa over the next two years.