Ann: RIU Explorers Corporate Presentation, page-3

One thing I missed in this and the previous presentation was the potential mine life. In November before the updated MRE it was 6 years and prior to that it was 5 years and now it is +8 years but not sure what annual production, maybe still only 100k Oz to 150 Koz pa which requires a reserve of circa 0.8m Oz to 1.2m Oz - they currently have an M&I of 1.12m Oz so not far off 150k Oz for 8 years.

With todays results we are probably looking at +10 years at 100k Oz to 150K Oz pa and more like 150K Oz pa. When will they have enough for 200k Oz pa for +10 years? Can't be too far away. SL wants to have more than 800,000 Oz (ie 85% of NN MRE) in indicated from NN which currently stands at 700kOz - seems like it will be past that level by June.

"Dalgaranga Mineral Resources
• 21.15Mt @ 2.49g/t for 1.69Moz (growing!)
• 2.5Mtpa Dalgaranga Processing Plant (potential +8yrs?)"

I was very happy with todays assays not just from NN but the others as well. Sly Fox could live up to is name - the two holes to the left look really interesting - they could really change things at Sly fox in a very positive way if they produce grades over 3g/t.