Ann: Alliance South Mine Update, page-90

The big issue with the 1080 level is that even if spectacular results are found, they need the vent rise through before they can commence production mining (stoping). So need to asses the 1080 level, then determine if warrants the $2-3million to develop the vent rise, then find a contractor, then develop the vent rise. (That has to be at least six months at least). And there will be minimal if any income being generated because they cant commence the production mining until the vent rise completed and operational. In fact with the 2km of development currently completed, they will be struggling to even develop the decline further down to a proposed next level.