38% INCREASE IN ALDISS-RANDALLS GOLD
RESOURCES TO 1.6 MILLION OUNCES
MAIDEN 250,000oz RESOURCE FOR SALT CREEK GOLD DISCOVERY
• Consolidated Mineral Resources at the Aldiss-Randalls Gold Project (WA)
increased by 450,000 ounces (38%) to 1.6Moz of gold at a grade of 2.8 g/t Au.
• Tonnage, grade and contained ounces have all increased significantly.
• Major changes include:
the addition of an initial Inferred Resources estimate of 2.8 million tonnes
at 2.7 g/t for 250,000 ounces of gold covering part of the recent Salt Creek
gold discovery,
a significant increase in both grade and contained ounces at the Maxwells
gold deposit to 2.4 million tonnes at 5.2 g/t for 410,000 ounces of gold, and,
the inclusion of an Inferred Resources estimate for the Fingals gold deposit
of 2.0 million tonnes at 2.0 g/t for 130,000 ounces of gold.
• Feasibility Study on new standalone gold mine development to be completed in
second half 2008.
• Dismantling and refurbishment of New Celebration mill to commence first
quarter 2008 in parallel with exploration targeting 2Moz resource base.
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