jorc release due, page-7

Ags has to fund its share of the mining costs. So its in Heathgates interest to ensure that its joint venture partner is as in a strong financial position as possible to be able to raise funds to contribute to mining the deposit.

AGS (unless they are stupid) have timelines in accordance with their business plan to meet certain objectives.

This JORC is overdue. The calibration problem between the two PFN tools makes it obvious that both Heathgate and AGS want to make sure that the JORC once released is water tight.

That way when they go to the market and other equity partners to fund their share of the mining costs that their is no dispute on the economic value of the project.