Ann: Noosa Mining Investor Conference, page-14

here is an example of how ALK can define another ~ 1Moz at around 0.65g/t AuEq by spending about $1.4m on drilling out few more holes around 094 and between 158 and 109. The drawing does not show the wedge-hole from 094 but there should be one.
What will be the impact of doing this:
1. It will not change the metrics on the current SS study.
2. It will push the UG average grade higher.
3. It will show any potential JV partners there is more to be found at NMPP.
4. LOM starts to get closer to 40 years with 20Mt plant.
5. Enhances the metrics on the wholistic project - Open and UG operations.

Risks:
1. There is a chance grades not to be higher than 0.6g/t AuEq despite existing holes are showing that will not be the case.
2. I am wrong and any potential JV partners will not care if there are more economic grades UG and grades are better than current average grade of the UG resource.