ayanfuri prelim economic assessment is good.

Highlights

-1.9Moz of in-pit gold resources from four of the eight deposits at Ayanfuri, using a US$750 gold price for whittle shell selection.

- Processing rate of 4.5mtpa through a conventional CIL mill.

- Average gold production 196,000ozpa for years 1 to 5 and 162,000ozpa for years 6 to 10.

-Average cash cost of US$430 per oz and operating cash surplus of US$74Mpa for years 1 to 5 using a US$850 gold price for cash flow modeling.

-Total gross operating cash surplus (before depreciation and tax but after royalties) of US$625M.

-The capital cost estimate is US$175M including US$30M for pre-strip, contingencies and cost escalation during construction, giving a two year one month payback.