Morning Traders May 16, page-3

Off Topic : SWJ @nihilism

This recent Beta scoping work is also developed and modelled on a staged basis where the capital cost of the second stage can be funded internally through cash flow from Rietfontein. The study indicates a combined Rietfontein and Beta development can produce up to 100kozpa from both mines, with low capital requirements (US$29M peak drawdown). A base‐case pre‐tax NPV of US$166M (A$220M), and overall C1 cost of US$495/oz is quoted