Ann: Galaxy Ships First Spodumene from Mt Cattlin, page-16

re: Ann: Galaxy Ships First Spodumene from Mt... Once the ramp up to planned throughput is complete, Snowden would expect total operating costs at
Mt Cattlin to be an average of A$43-45 per tonne treated (US$35-37 per tonne treated) over the life of mine,
comprising:
� Mining A$20-21 / tonne treated (US$16-17 / tonne treated)
� Processing A$14-15 / tonne treated (US$11-12 / tonne treated)
� Transport A$5-6 / tonne treated (US$4-5 / tonne treated)
� Site administration and other A$4 / tonne treated (US$3 / tonne treated)
Operating costs in this section have been translated at average foreign exchange rates of A$1.00 to
US$0.8056 over the life of the mine at the Mt Cattlin Project, which are in turn based on the current foreign
exchange forward curve for the same period.


http://www.galaxyresources.com.au/documents/DocGXY-159GXYIssuesWPIPforHKListing110228_000.pdf