ORP > Also The Company has recently completed a significant...

ORP > Also The Company has recently completed a significant capital raising which will be utilised to carry
out the Feasibility Study on the existing resource and continue exploration on the Sihayo trend.
The Feasibility Study will be conducted on the current resource on which SRK Consulting
completed a positive Scoping Study in late 2008. The study estimated cash costs based on a 1Mt
per annum operation at US$440 per ounce with an NPV of US$50 million at a gold price of
US$850 per ounce. Sensitivity analysis estimated the NPV would increase to US$120 million at a
gold price of US$1000 per ounce.

currently at 8.9 ...