Ann: Quarterly Activities Report , page-3

DM production grade of only 6.5 g/t due to poorer grades in the northern mineralised zones (levels 17-19) and necessary mining through low grade areas on levels 25-28... so lower production than I expected at higher cost.

Promisingly, January DM production was much better at 11 g/t resulting in 6,000 oz for the month. This works out to be about half the processing capacity of the expanded plant. So find enough quality ore at Daisy East, Emma and Rosemary, and the potential production is 12,000 oz per month from UG ore... assuming the 11 g/t grade can be maintained.

So far Daisy East is looking excellent.

Rowingboat