Ann: Quarterly Activities Report-FGR.AX, page-2

The QTR activities report is pretty much a cut and paste of the last 4 price sensitive announcements
They have progressed slowly with the shaft sinking. approx 3m in each shaft since September, (is 3m a month good ?)

The one exciting thing in noticed in the QTR cash flow report, Production 289k This is new and has not been part of previous QTR cash flow reports,

9. Estimated cash outflows for next quarter $A’000
9.1 Exploration and evaluation 132
9.2 Research & Development 56
9.3 Production 289
9.4 Staff costs 107
9.5 Administration and corporate costs 160
9.6 Other (provide details if material)
9.7 Total estimated cash outflows 744