Email from Graham McGarry this afternoon:Fellow Shareholder and...

Email from Graham McGarry this afternoon:

Fellow Shareholder and Interested Parties,

We have attached for your information -

• Notice of Annual General Meeting for Monday 27^th November
• ASX announcement on Forward selling
• Comments by Argonaut on our September production report (complete)
• Comments by Argonaut on our Mt Dimer acquisition

Argonaut are a West Australian share broking company lead by Eddie Rigg and Liam Twigger supported by a team of analysts with significant experience in analysing gold companies, thanks for the coverage!

For shareholders who are unable to attend the annual general meeting and wish to raise questions please direct those questions to [email protected]

Directors are appointed to act in what in their view is in the best interest of shareholders

• We have not donated money to the Yes/No vote campaign
• We do not donate money to political parties
• We acknowledge our stakeholders at all levels from the Federal Government (income tax, gst etc) to charitable organisations in Coolgardie who with little assistance from the largesse of those on the coastal sand plain endeavour to provide a community fabric, we respect their efforts!
• We wish to continue to pay modest fully franked dividends and retain money for growth
• Directors own approximately 22% of the issued capital, we have skin in the game!

Forward selling is and will continue to be a controversial issue particularly when measured in retrospect!

We have already received comments both positive and negative from shareholders on this move, we respect those opinions, and a summary of those views will be made available to all Board Members.

Right at this moment (after American destroyers down missiles and drones in the Red Sea) we are in very volatile times!

Our decision to sell forward (14,000 ozs, a modest proportion of our ore reserves) at what on Thursday morning was I believe a record Australian gold price was made to restrict the downside over the next 9 months as we approach other decisions which will become apparent in time!

We retain flexibility as we have not committed 35% of our production.