Road show, page-22

The way I saw it, Mulwarrie and extension drilling at Aphrodite were necessary in order to reach ‘critical mass’ to move forward.

We will achieve that with the EXG merger which all places us nicely to move to production.

Add ~600k-900k ounces at Aphrodite and we have 3million ounces within 65km of each other. Rather than roll treating we’d be positioned to invest in a processing plan.

With my glass half full lens on, I don’t see too many roadblocks ahead once the merger is complete.

Expecting 3 bags from here before 2019.

Time will tell if my prediction is right.