Gold price, page-11719

Where does all the debt keep coming from.

As at December 2016 the Group has $54,637,000 of debt due for repayment within the next 12 months. The directors intend to
review the Group’s debt repayment schedules and anticipate that debt repayments will be funded from operating cash flows
and through applying some of the funds from the recent capital raising, if required. Refer to Note 27 for further information
regarding the recent capital raising.

Last year

As at 31 December 2015, the Group has $49,497,000 of debt due for repayment within the next 12 months. The directors intend to
review the Group’s debt repayment schedules in conjunction with evaluating whether to apply some of the funds
from the capital raising to repaying a portion of the Group’s debt.


Cheers