Exploration leases, page-7

Chatree's has what most would consider world class processing plant with a nameplate capacity of 5.0 mtpa that was able to operate will in excess of this tonnage.

If we can access the known higher head grades within the proposed redesigned existing pit we can spit out consistently similar numbers to that achieved in the last 6 months. There are some impressive drill results at depth and to the north of A pit. This would not only allow us to get similar increased head grade but extend Chatree LOM.

The exploration leases if granted would likely see us focus on drilling out previously identified targets believed to hold repeat systems to those of Chatree. They hold good intel of these leases and its been the major cause of the trouble since by the locals. A Thai JV is most likely now required to overcome the politics of envy and ensure all the key stakeholders share in the wealth distribution.