Ann: Further encouraging results received from Sandstone drilling, page-5

This announcement is significant to the end goal of their campaign and that is simple to grow their resource.

The existing resource within the optimized pit shell will likely grow significantly if is widen to incorporate the thick intercept.




The Twin Shafts announcement is also great, it represents ounces that in a deposit that is mineralized from surface, shallow open pit with a low stripping ratio.



And as I called it numerous times previously . We are getting a second rig on site. IMO, we are setting up for a JUICY Take Over offer. Once we have an updated resource and a PFS that shows an IRR of over 60%+, A Conservative EV/Resource Oz including the assets with MDI owns would be around circa $150-180 EV/Oz.



The last key announcement we should all be anticipating is that 'The Ridge' is announced as a new deposit and this will likely indicate that it joins with Mcintyre and Mclaren and both of these are still open in all directions with some really high grade hits. All three combined could be a 250-300Koz deposit. But based on my gut feel, I'm feeling confident, the fact that they were able to raise $4Mil, quickly, at very little discount, almost gives it away.

I'm still calling that we received a TO offer around a $150Mil+ Cap. Or we are going to be mining within 12 Months from the end of the new drilling campaign. As the POG appreciates, so too does the valuation of the company. Both will yield the same returns in the end.