hits of 9m at 37.8gpt strengthen case for a

HITS OF 9M AT 37.8GPT
STRENGTHEN CASE FOR A
MAJOR RESOURCE UPGRADE
AT PEGASUS DEPOSIT
Development of Pegasus underway, with first
production ore expected in March Quarter 2015
KEY POINTS
? More high-grade drilling results returned from Pegasus deposit,
which is part of the recently-acquired Kundana Gold Mine
? Consistent string of high-grade results from outside the existing
355,000oz1
Pegasus resource, including some up to 500m away
? Latest results expected to underpin significant resource
increase and maiden reserve for Pegasus in the June Quarter
? An access decline to the Pegasus deposit is well underway, with
first production ore anticipated in the March Quarter 2015
? Latest Pegasus results include:
? 9.0m @ 37.8gpt gold (true width 6.8m) 5,963 mRL
? 5.3m @ 26.3gpt gold (true width 3.7m) 5,901 mRL
? 2.5m @ 9.0gpt gold (true width 1.7m) 5,791 mRL
? 2.2m @ 12.9gpt gold (true width 1.7m) 5,889 mRL
? 1.2m @ 19.5gpt gold (true width 0.9m) 6,010 mRL
? Pegasus remains open at depth and along strike
? Drilling at the Rubicon-Hornet mine, which is also part of the
Kundana operations, reveals that economic mineralisation
continues beneath current mining reserves. Results include:
? 38.4m @ 10.5gpt gold (true width 11.1m) 5,912 mRL
? 5.7m @ 13.8gpt gold (true width 2.3m) 5,879 mRL
? 11.4m @ 9.7gpt gold (true width 2.7m) 5,915 mRL
? 2.5m @ 97.7gpt gold (true width 0.8m) 5,889 mRL
? A resource-reserve update for Rubicon-Hornet will be released
in the September Quarter
? Regional reconnaissance drilling intersected new mineralisation
on the recently-identified extension of the K2 structure at the
Ambition prospect, 8km north of Pegasus and 2km north ofhistoric workings. Results include:
? 2.0m @ 6.0gpt gold 6,235 mRL
? 2.0m @ 1.8gpt gold 6,269 mRL
? The K2 structure hosts the operating Rubicon, Hornet and
Frog’s Legs mines in addition to the recent Pegasus discovery