Ann: Improved operating results at Plutonic mine, page-73

Yes BB I agree the announcement was ambiguous however it’s easy to correct this mis interpretation. The announcement clearly states: “Resource and Reserve estimation has still not been undertaken by Catalyst on Plutonic East and the Hermes Area”.

In 2021 (as PC rightly states) the reserves were 630k oz, @ 3.7g/t. however that measurement comprised of the ENTIRE SGI operation: 100%-owned Plutonic underground and open pit gold mines, 100%-owned Hermes, and 80%-owned Hermes South open pit projects along with the company’s interest in the Bryah Basin joint venture. Whereas this announcement is only referring to the Plutonic Main deposit. Regardless since 2021 SGI/CYL have used over 240,000oz in production so to obtain an overall increase in total resource of 220,000 oz from just a single Plutonic Main deposit is not too shabby.

Plus Trident which is just 1 of 48 tenements in Marymia now owned by CYL has had a resource increase of 98K oz. again not too shabby.

My only disappointment is that I thought it would have been a lot more but then again, they have applied Bruce Kay’s very conservative modelling techniques.

I suppose better to under promise and over deliver! Well, I am an old fart and patience is not one of my virtues. Bring it home boys!