Ann: Expanded Murchison Gold Project Feasibility Study, page-3

Looks like it might be a green day What an outstanding announcement! Drilling results still to come

Undiscounted pre-tax free cash flow $1B1
, NPV8% of $616M and IRR of 180% at
spot gold price ($4,100/0z).
• Remaining start-up capital of $46M (including bringing forward $5m of
underground establishment costs).
• Total gold sales increase by 40% to 544koz with peak annual gold sales of 76koz
in year 5 and average annual gold sales of 65koz over first 7 years.
• Every $100/oz increase in gold price increases undiscounted pre-tax free cash
flow by ~$52M.
• All-in Sustaining Cost (AISC) of $1,982/oz and All-in Cost (AIC) of $2,247/oz based
on current industry costs within ±15%.
• The Study underpins 31% growth in Ore Reserves to 400koz @ 3.1g/t Au.