phone call 13/06/12

Board decided to only release operations update at this stage. Expect production figures at or around next quarterly. I asked why we can't be updated on production.

I gathered that because they are still in commissioning phase then the figures can vary depending on plant shut downs for installations, fine tuning, repairs etc. Instead of having figures released monthly and them not being consistant due to the above reasons, they will wait till commissioning has essentially ended.

Anne said Wayne had mentioned commissioning takes around 20 weeks? Wet commissioning commenced on 10/02/12, so 20 weeks or 5 months takes us to July.

Once we reach commercial production then expect more regular detail on production figures, cash costs etc. We can then expect a ramp up to 150,000 pa rate of production.

I encourage those who are nervous to ring the company for answers to your queries rather than "spread" the nervousness amongst HC.

The more people who ask questions, the more Noble customer relations will seek answers to the questions when they speak to management.