Ann: Resource estimate at Bobrikovo 3.3 Moz. Au a, page-4

re: Ann: Resource estimate at Bobrikovo 3.3 M... Most of this RESOURCE is in the INFERRED Category

Refer to JORC 2004 section 19

".......The Inferred category is intended to cover situations where a mineral concentration or occurrence has
been identified and limited measurements and sampling completed, but where the data are insufficient to allow the geological and/or grade continuity to be confidently interpreted................"

The fairies think "Ar guess .....thars gold in them there hills"

My memory of a JORC resource is that there had to be viability in cost of mining and somehow I don't believe that can occur until feasibility studies etc.

Amended Appendix 5B dated 3rd May 2013
1.22 Cash at end of quarter 208,000
Estimated cash outflows for next quarter $170,000
3.2 Credit standby arrangements $600,000

It's end of quarter.......

mmm suddenly Admin costs drop....
It's now END of Quarter