level headed view, page-9

Revisited the last Quarterly Activities Report and remind holders of an item of potentially good news that ought to be coming our way in the not too distant future. The trick will be for SBL's management to make sure it happens and that the world knows about it.

Further gold pours have been carried out since the first pour in June although work was required to improve the efficiency of the elution circuit. This work has been completed and regular stripping of the loaded
carbon and pouring of gold has recommenced. Total gold dor? produced to date is 444 ounces. Gold in circuit is currently approximately 17.27kgs (555 ounces).
To date the plant has processed over 42,000 tonnes. The targeted daily production is 1,000 dry tonnes per day which is the rated capacity of the plant. In the last fortnight the plant has consistently processed between
600 and 700 tonnes per day corresponding to 60 ? 70% of target. The current throughput represents an increase from the average throughput for June (580 tonnes per day) and May (370 tonnes per day). Plant availability has also increased during the commissioning and rampup period, from 47% in May to 89% in June and 92% to date in July.