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This preliminary study shows the potential for annual average gold production of approximately 67kozpa for 7.6yrs (509koz recovered) with LOM All‐In Sustaining Costs (AISC) of approximatelyUS$569/oz and peak capital requirement of approximately US$16m. This development would have ashort payback time (approximately 7.4 months) and construction period (approximately 10 months). Within the parameters of the Scoping Study limitations (± 25‐30% accuracy) Theta Hill shows a post‐taxNPV7.5 of approximately US$152m (approximately A$214m) and IRR of approximately 132%.
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