Ann: Riverina Update - Ramp Up on Schedule, page-5

Dear Hope2

Thank you for those kind words, and yes, it is most satisfying to watch Luke and his team progressively put everything into place so professionally.

Gold also feels like a good investment theme to be invested across in this uncertain world, and there can then be no better exposure in gold than through a growing higher grade producer who is able to keep reducing costs over the next 12/24 months.

I’m expecting the shares to now move strongly into June/July 24

The next important development must be the decision to develop an underground operation at Sand King by April (suspect has already been made internally) and we could then be pulling out underground ore overvthere by year end 24.

2 declines, delivering 1.2 mtpa x 4.3G/t conservative = 170,000 ounces pa

170,000 ounces x $1250 profit (AISC $1750 target) per ounce is going to be a handsome cashflow to build a very serious gold company into the future

glta