Ann: AUE purchases 3rd new diamond drill to expedite exploration, page-2

Over past 5 months, 9000m already drilled from the 2 company-owned diamond rigs

Barring Chinese NY, assuming resumption of drilling March until start of December, expect another 13,000 - 16,000 m to be drilled, taking into account rainy season beginning mid April.

Total expected drilling by 2 current rigs = 21,000 - 25,000m

Third rig, more powerful, estimated to commence mid May - expected to drill 5000 - 57000m by start of December.

Total expected drilling by start of December from all 3 rigs = 26,000 - 31,000m

Falls within CW's target of getting 30,000m drilled before end of the year, not to mention maiden JORC resource. Fully funded and all systems go from here.