Good read see todays announcements.Todays DIO announcement might...

Good read see todays announcements.

Todays DIO announcement might explain the fall in AVO SP. Any thoughts as to whether AVO will be successful in its bid for DIO?

Angers



Summary and Outlook

•Avoca is Australia’s newest gold producer. Higginsville Project is first new gold operation in WA since 2001.

•Trident discovery, drill out, feasibility, construction and gold pour in less than 4 years from project acquisition.

•Trident to produce 180 Koz in FY2010 targeting cash operating costs of $A450.

•Outstanding potential for additional exploration discoveries with 2,700km2 of underexplored, high-pedigree tenure. Several new discoveries made (Musket, Wills, Fairplay Nth etc)

•Feasibility studies in 2009 for new mines.

•Avoca focusing on developing Higginsville into high margin mid- tier gold production centre with 10+ mine life.

•$49.2M bid for Dioro to produce 250Kozpa ASX200 mid-tier gold company with strong market support and excellent upside.