Ann: Production and Exploration Update, page-3

The program produced strong results including the stacked, flat laying quartz structures south of the
historic pit. This southern mineralisation is open at depth and dipping to the west. Significant intercepts
include:
 PBRC070 – 13 metres @ 16.4 g/t Au from 9 metres
o Including 1 metre @ 195 g/t Au from 13 metres
 PBRC074 – 4 metres @ 9.65 g/t Au from 36 metres
 PBRC079 – 4 metres @ 2.03 g/t Au from 29 metres and
 PBRC085 – 5 metres @ 27.2g/t Au from 22 metres
o Including 2 metres @ 59.6 g/t Au from 22 metres (Figures 5 and 6).
The potential for a depth extension in the zone of mineralisation south of the current Panther open pit is
highly likely with a third phase of drilling currently being planned. A Mineral Resource will be estimated
using the historical and recent data from the Beacon Phase 1 and 2 drilling programmes