Ann: $25M Placement To Fast Track Expansion Plans-BLK.AX, page-78

This drilling is essentially about converting indicated to reserves to build LOM quickly for additional resource for plant expansion, it should also add to resource base of 5.1m/oz, and additionally increase confidence in some inferred resource currently sitting out side the indicated category....

End result will be approx 2-2.4m/oz LOM, containing 1-1.1m/oz reserves that is potentially with AISC $1000-$1140 so essentially half of the entire resource is extremely profitable at current POG.

Should be exciting few months with production coming online in couple of weeks, aggressive drilling campaign now and study released confirming plant expansion and upgrade of production to potentially 230k/oz + p.a...