Domba - The Template, page-137

Pretty nervous times when the SP is so low, not ideal but it is what it is.

So what do we know?

1. We have been working with Randgold for 2 years or more to find additional ore.
2. Its important for Randgold to provide ongoing employment for locals.
3. Morila ore is depleated
4. Randgold looking to mine Domba Satellite deposit 30 - 50k oxide oz's
5. They will build a haul road to it, which coincidentally will suit our needs.
6. Domba will be tapped out by December
7. We probably have 800 to 900k left in the kitty (No exploration in period)
8. We have approx 400 to 500k shallow oxide oz's in Nitiola / Viper (10 times Domba)

What we think?

a. Discussions between parties must be in process for a deal
b. Two major production options JV or Toll treating (Toll Treating no risk for Randgold)
c. Production of our deposit would secure employment for mine personnel.
d. Personally think enough drilling has been done on our own, may see a pause pending deal.
e. Deals can take a while to finalise.

Risks?

A. Randgold not interested and moth balls the plant primary circuit. - LOW
B. Rebels overrun the area - VERY LOW