Ann: Estelle Global Gold MRE Increases to 9.9 Moz Au, page-17

Disappointed upon first reading, it looks as though the original Geology estimate was calculated with a different methodology. I don't know enough detail to understand this fully, but I'm guessing it was all to do with assumptions & hence this new Geologist is much more conservative.

From a SS2 perspective, it's worth remembering that RPM wasn't included so this will be a positive addition. However, the decrease in Resource at RPM makes this less impactful than I would have otherwise expected.

Interesting times for NVA, bring on the SS2 so we can understand the economic valuation of the project. The SP has been smashed so far this year, I'm hoping we don't see a further slide due to the results here.