Ann: Development Progress - Lindi Jumbo Mine, page-5237

Hi names little it’s not about wasting material…It’s about raising the grade to maximise potential

By raising the grade lowers the throughput to deliver 40,000 tpa

A 5%TGC simply implies that the plant capacity is reduced by 4 times the throughput…This would increase the CAPEX significantly for zero economic benefit…Then we have the extra costs associated with the TSF

Quite frankly the right size concepts have been chosen where the project potentially returns an IRR of 119% and then has a reserve stockpile with grade from 5-10% TGC free dig

You guys are trying hard to destroy credibility of the project but really have very little substance of support…

Regards Croc (Only quality projects can raise the cut off grade…)