Ann: Change in substantial holding, page-7

Hi Mate,

Each of the satellite deposits will vary between between head grades and the host lithology within each are different.

The average head grade currently is skewed by the grades of the TMH Tonalite Deeps, as it hasn't factored in any of the resources for all the new deposits, however, if you were vested you'd be aware for the following:



Regardless, grades of 1.1-1.5 g/t au are pretty standard for open pittable deposits and high economical if the strip ratio is low, say 3:1 and recoveries are high.

Which based on preliminary mets, is looking good, note that we are currently completing met testing for each of the satelitte deposits,




But yes, you theoretically are correct, we don't know yet, won't know until it is all but confirmed in the Full Feasibility.

So either you will look like a dumbass or the Entire MDI management team will.