Ann: Koala Gold Resource Increased by 135%-GBZ.AX, page-9

Wouldn't say there was nothing new in the announcement. Apart from the 135% increase in the Koala gold resource the second dot point below has not been mentioned previously that i am aware of. Investigating toll milling options? Thoughts.


Finalising the Scoping Study - evaluating the viability of heap leaching gold extraction from the
known oxide resources at the Eugenia Deposit.
• Investigating Toll Milling options for the Koala and Glen Eva gold resources.
• Drilling of the untested high – priority IP drill target adjacent to the Koala Lode system.
• Complete infill drilling and a resource estimate on the Bimurra Prospect. Previously GBM have
estimated an exploration target (Refer ASX announcement dated 21 September 2015).
• Continue the evaluation of the Conway Prospect which contains multiple prospects and is
considered to hold potential for both bonanza epithermal vein style deposits and bulk tonnage low
grade disseminated deposits. The highest grade intersects occur within the Wobegong prospect
and include 14 m @ 16.08 g/t Au from surface in CFS005 (including 1 m @ 208 g/t Au from 1 m), 2
m @ 26.6 g/t Au from 40 m in CON006 and 8 m @ 4.91 g/t Au from 26 m in C013. (Refer ASX
announcement dated 17 February 2016).