Ann: AMI - Appendix 4D and Half-Year Financial Report, page-15

Looks all good to me. The tax $17 million might annoy some people but sooner or later that had to happen and it is offset by the $10M reduction in creditors and the $8M in receivables as copper, gold and lead. I like the table at bottom of P. 4 which shows clearly the main financial indicators with explanations. Nice. I've repeatedly stated Hera will outperform on gold...full year guidance is 50,000 oz. We've already got 29,970 oz and we mined lots of low grade stuff in the first quarter, but are now full on in the north pod which is high grade including the interval of 88g/t. It's feasible by the end of this quarter we could beat the FY guidance. The announcement from yesterday should kick any fears about the refurbishment of the Peak Mill into touch. Its obvious why we are ramping it up to 800,000t/a...Great Cobar is huge...and we need to fix the Pb/Zn circuits so we get 90%+ recovery..we are sitting on a rich vein of both Pb & Zn at Chronos and now we have another at the Peak deep mine. Throw in those gold grades which are huge (announced yesterday 8m @ 142g/t etc etc). Looks like we'll be mining that for quite a while yet and probably on the way to fast tracking it beginning with more drilling and a mining plan. Peak has paid for itself (we took it over on the 10th April 2018) and look at what we just found, announced yesterday. Can't wait to see some of the intervals for the drilling of Chronos to surface. FY guidance for group gold is 115,000 - 130,000 oz at $1650/oz.....70,000 for the half just shy of $1750/oz...looks all good to me.