Ann: OGC announces Didipio Gold Copper Project Op, page-2

re: Ann: OGC announces Didipio Gold Copper Pr... This announcement of the Didipio Philippines project study result can unlock a great deal of value for OGC.

There is $US80 million of capital already spent on the project with most of the mechanical plant waiting in warehouses.

On a mid point timing the project could be complete in 18 months.

It will add 70,000 ounces of gold + 32 million lbs of Cu for a gold equivalent of [400 lbs of Cu = 1 ounce gold] say 150,000 ounces of gold for a combined production NZ + Philippines[100%] of around 450,000 ounces.