Ann: Riverina Infill Drilling Delivers Further Strong Results, page-2

Very solid drilling results.

Basically, the preliminary Riverina South open pit is looking like going deeper, and with high grades. So more ounces and more economical to mine, win win.

Still lots of drilling for the potential U/G mine, but if they see continuation to the south, then I really do feel confident we will see this come into the mine plan. Quite a significant change it would be, as really, Golden Eagle is a small resource, compared to this. Even just 30-60k of reserves could really improve the 5 year mine plan. As we would likely see the AISC fall, and production rates closer to 100k p.a. Something that the management team (put together during Admin) wanted, but... conservatively, went for what they knew they could 100% hit for the DFS.



OBMs dirt may not be the best, but... it clearly has been underexplored and that with continual drilling, the mine life is going to extend. The big question is still can they feed the plant, (compared to the Eastern Goldfields saga).