Ann: Significant Gold Exploration Results Continue near Chatree, page-6

Ore grades have been dropping since plant 2 was reopened.

Q4/23 - 0.55g Au and 9.71g Ag per Tonne
Q1/24 - 0.45g Au and 9.01g Ag per Tonne
Q2/24 - 0.42g Au and 7.67g Ag per Tonne

We can't really make money from these grades. I would like management to explain what they are doing in terms of grade control and what lies ahead for the next few quarters. How far are they through the low grade stockpile? Have they started milling the low grade top section of the Quarts lease? Where is the grade likely to settle going forward and do they have any aces up their sleeve for generating quick profit via high grade sections.

Also, correct me if I am wrong, but the company has not changed its guidance as regards the commissioning of plant 1. The last guidance was that it would be commissioned in the March quarter. The update of 16 March indicated a delay as a result of certain parts being late in arriving at the mine, but there was no specific change to the guidance of March quarter opening. That means that I expect an announcement from the company clarifying that this will not happen or I expect an announcement in the next 5 days to say that the plant has or is in the process of being commissioned.