Well the QR has come out this evening and there is quite a few...

Well the QR has come out this evening and there is quite a few details tucked away in there.

Perhaps the first item to note is the continued work at Sellheim with some 76.8 ounces of gold recovered.

The present plant is to be further tweaked to improve performance and that will allow them to make sure that their expectations of recoveries are justified.

They will then move to construct a main plant capable of handling 40-50 bcm per hour. The plan is to achieve an annual production of 2,200 ounces of gold.

That should provide the company with cash flow in excess of $1 million annually.

Adelaide Hills should start very soon.

Narndee Project: - some work on in the form of ground surveys to be undertaken in Q3 working towards some drill ready target.

Promising !

$1.3 million in the bank
$ 495,000 to be spent on E.E & D plus admin during this September quarter.
But we should have some cashflow from Sellheim gold I guess to offset some of the outflow.