Grossly Undervalued, page-52

WILUNA TAILINGS (WILTAILS) - MAIDEN RESOURCE Highlights  620,000oz added to Wiluna free milling gold Mineral Resource base  The maiden Mineral Resource for the Wiluna Tailings is 33.6Mt at 0.57 g/t Au. 77% of the Mineral Resource is classified under JORC 2012 as Indicated Resources (see Table 1)  Metallurgical test work completed to date indicates a recovery of between 42-50% for the historical tailings in a standard gold leaching process similar to the existing Wiluna CIL circuit.  Ongoing technical work will be completed on the tailings to confirm potential mining and processing options for possible integration into the Company’s future operations.
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Initial test works have confirmed the tailings material is sized between 38-75micron removing the need for further grinding - significantly reducing re-processing costs. The tailings can be treated through the current operating CIL circuit without the need for further milling or concentration, making reprocessing a simple, low cost option.