MINING COMMENCED Ulysses West open pit

 Mining operations now underway at the Ulysses West open pit, at the Ulysses Gold Project near Leonora in WA.
 First ore expected to be delivered to the 3.5Mtpa Paddington gold plant by midOctober under the Toll Milling Agreement with Paddington Gold Pty Ltd.
 First cash-flow anticipated by mid-November, with the mining operation forecast to generate free cash-flow of ~$6M from the Ulysses West pit.
 Sterilisation drilling on the western side of the open pit has returned shallow, highgrade intersections including: o 10m @ 3.2g/t gold from 30m; and o 5m @ 1.74g/t gold from 15m
 Drilling will commence shortly to drill out this zone to evaluate the potential to extend the open pit in this area, following the completion of the initial 3-month mining program.
 Deep drilling beneath the previously mined Ulysses pit has extended the plunge of the mineralisation by a further 60m down plunge to the north-west, with a best intercept of 2m @ 9.3g/t gold and the mineralisation remaining open at depth.