Ann: Operational and Corporate Update-ABU.AX, page-2

HIGHLIGHTS
• 1,200 metre RC/diamond drilling program underway at the Bumblebee Prospect
• 7,500 metre RC drilling program to commence at the Suplejack Project this week
• Processing of Old Pirate ore completed – gold production has exceeded forecast
• Capital raising deferred following strong operational performance and receipt of funds from the​

Lake Mackay option exercise

Gold production has exceeded forecast, the gold sales price received has exceeded
forecast, operating and closure costs have come in under budget and an unbudgeted
$1.5 million has been received from IGO upon exercise of the Lake Mackay option.
This has left the Company in a stronger financial position than had been forecast.
The board has therefore elected to defer plans for raising additional capital.​

Bloody Ripper!!!!!!!!!
Game one Guy's
salt