Ann: Tampia Feasibility Study, page-9

Hey All

I came across EXU and like the accessibility to the ore deposit at Tampia.

I noticed Mineral Resource was included for 9% of the mine plan, at a far more selective grade (0.8mt @ 1.89g/t for 48koz) than the overall Mineral Resource of 2.0mt @ 1.6g/t.
So, the calcs on the remaining mineral resource (1.2mt @ 52koz) equals an average grade of 1.09g/t. Assuming these Mineral Resources are within the current pit design, and would be mined and processed, we’d have to process 90% more tonnes throu the plant at 1.09g/t (vs the mine planned 2.07g/t). Increasing the Processing Costs for the remaining 1.2mt from $360 to $684, bumping the AISC from $998 to $1,322 - a much less appealing AISC for the remainder of EXU’s Mineral Resources.

I also read that while the reserves are growing, the May18 Feasibility Study shows the ore g/t cut off has been lowered to 0.45g/t and 0.3g/t. Will this impact the project $ in any way? And if so, how?

Are we receiving alternate facts on the Resources at Tampia? Or am I simply in need of another double-shot espresso?!