Ann: Mineral Resources and Ore Reserves Statement, page-5

re: Ann: Mineral Resources and Ore Reserves S... Government processing of forty-four (44) key SPL Applications within the Phetchabun Province is now complete and now only awaiting the Minister of Industry’s approval.

So it may actually happen...unless the minister is the stopping point.

K-East Pit:

A combination of drilling results and lowering of the cut-off grade to 0.3 grams per tonne gold (g/t Au) has seen a slight increase in the Mineral Resources to 3.81 million ounces (Moz) of gold in 169 million tonnes (Mt) of ore at an average grade of 0.7 g/t Au.

Ore Reserves decreased to 1.9 Moz of gold in 61.7 Mt of ore at a grade of 1.0 g/t gold. This represents a 41% decrease in Ore Reserves (~610,000 oz) after mining depletion over the past year.

This should be brought up for clarification. Those reserves don't seem to match up with K-East pit or Chatree, and then there is a 610,000oz fall in reserves?


Having a segment breakdown by the auditor is good. It shows $80m NPAT attributable to Chatree and $12m NPAT attributable to Challenger (before group costs).