presentation ann

presentation by our CEO in perth.

answers a few questions that have been raised on HC

production less than 6 weeks
mid term objective still 500k oz pa
cash margins $600 (at current prices)
resource stands at 3mil oz


other noted information

average option price 50c
cash 75mil
annual exploartion budget 20mil
top 20 holders have 60%
150 personal on site, infrastructure refurbishment nearing completion
Underground mobile fleet on-site
Youanmi expected to be dewatered late this year/early next
Ore reserves expected to be upgraded this month following septembers resource upgrade