Ann: Trading Halt, page-36

To date, Cameron Well is only classified in terms of indicated and inferred resources and 45000 oz Au as a probable reserve.In my mind it would make sense to get the resource (245000 Oz) up to reserve status ASAP. This would enable relatively rapid and cheap bulk OP mining and therefore fill the gap in gold production that has been created by erratic gold distribution in parts of the MM UG operation. This would give Dacian some breathing space to drill further in these areas and also prioritise MM north which looks promising. I don't think there is anything to wrong with the project other than they were blind to the UG patchy gold. As I understand it the UG was drilled at 20m which would usually be quite adequate. Hoping this new release encompasses a positive statement and a strong de-risking plan.