Ann: Drilling Expands Cu-Au Footprint at Kanmantoo Underground, page-33

Hmmmmmmm. Seems to me that this represents some kind of slippage.

At the start of the year Lachlan seemed to be peddling the impression that mining would re-commence just as the working capital was running out mid next year,

Now it seems the best option is some kind of working capital loan to tide us over until the end of the year. Perhaps a CR will be required.

It's noi a disaster I guess but as an old timer with HGO I am not in a forgiving mood about more delays.

I have trusted Lachlan so far, but as a former manager of mine once said - trust is constantly under re-evaluation.

CU price over $3.00 is really great news. Just need the price to keep on keeping on - then we can lock in some ripping hedging.