best on ground , page-3

Paydirt Gold MIner of the Year 2008

Equigold nominated in second position .
Equigold was a winner because “consistent operating profits (high-margin) on
low-grade feed resulted in excellent share price performance
and shareholder return. Equigold have been doing this consistently.

Equigold’s Mt Rawdon and Kirkalocka mines in Australia
produce about 150,000 ozpa at a cash cost in the range of $370- 380/oz.
Gold reserves at both the Mt Rawdon and Bonikro (Ivory
Coast) projects have increased as a result of the re-optimisation
of the pit designs using more reflective long-term gold prices.
The use of higher gold prices has allowed the optimised pit designs
to be driven deeper to capture resources below the previous pit
shells.
The development of the Bonikro project in the central south
of the West African country during 2007 will have a big impact on
Equigold’s fortunes with attributable gold reserves of more than
2 moz. In production, the mine will deliver between 220-250,000
ozpa gold. This will give Equigold mid-tier status, with its long-life,
low-cost operations.
Equigold also has a 94% interest in eight exploration permits in
Ivory Coast, which cover 5,400sq km of Birimian greenstone belts.
The Birimian greenstones host the elephants in Ivory Coast,
Ghana, Burkina Faso, Mali, Niger and Guinea.

http://www.paydirt.com.au/aurora/assets/user_content/File/gmjJan08cover.pdf