Ann: Commissioning on Track for Australia's Next Gold Producer, page-2

should be here I spose...
" HIGHLIGHTS
• Commissioning is progressing well and as planned at the Jaurdi Gold Project
• The 6MW power station has been commissioned and is now supplying base load power to the mill
• Plant compressor has been installed and testing commenced
• Raw water and process water dam and associated infrastructure installed and commissioned with
3 bores providing process water to the raw water dam
• Process slurry pump gland water circuit has been installed
• Tailings line to the Black Cat Tailings Storage Facility has been constructed and is being tested
• Commissioning and production ramp up phase expected to continue through until
August/September 2019
• Full production expected to be reached in Q4 2019 for an initial target throughput of 500,000tpa
and circa 25,000 ounces of gold recovered per annum
• PFS Results indicate forecast Life of Mine (LOM) revenue of $208.5 million and surplus operating
cash flow of $98.4 million at a AUD$1,650 gold price (versus current spot price of > AU$2,000) with
circa $17 million of applicable Australian carried forward tax losses