The funds raised from the SPP will be used (depending on the...

The funds raised from the SPP will be used (depending on the amount raised):
• To accelerate developments into the high-grade resources; and increase production levels to the maximum allowable under the resource consent being 20,000 cubic metres per annum
• To investigate and develop multiple sampling operations on the Talisman permit area
• To investigate and seek to install a pilot plant for underground concentration of ore which will reduce tonnage by 80% while increasing grade by a factor of approximately 4 times in concentrate form
• To gain access into level 9 and 10 and commence further extraction operations at deeps levels of the mine recently announced
• To accelerate completion of a bankable feasibility study
• To finalise toll treatment either in NZ or export of concentrate offshore
• Expand exploration programs aimed at building a +1m ounce minerals inventory
• To explore and implement initiatives to expedite activity, and potentially a greater interest in Rahu and other targeted areas such as Taukani Hill (where previous bonanza samples at surface were taken) and Dominion knoll which is highly prospective.
•To fund alternatives that may allow full mining at Talisman including alternate access to the orebody.