Ann: Appendix 5B Quarterly Report 31 March 2013 , page-4

re: Ann: Appendix 5B Quarterly Report 31 Marc... Latest from Jon

Dear All



Please find below links to our quarterly report and financial summary for the March Quarter.



It has been a very busy 3 months with 20,000 metres drilled at Castle Hill and Red Dam, independent experts engaged to complete the feasibility study, new staff to bolster the exploration team, lead the feas study and provide the required financial horsepower as we move in to development and production.



We have $20 million in the bank, Catherwood and surface stocks sales and treatment will be generating more throughout the year so we are in good shape in these difficult market conditions.



We have released results for Castle Hill Stages 1 and 2 and Red Dam with a lot more to come. Blue Funnel decision to develop is also expected in the June Quarter to generate further cash internally.