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21/09/10
16:47
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As per Pattersons presentation of intended use of funds.
Not sure why this rights issue still has not been announed.
USE OF FUNDS
Anticipated use of funds are:
Activity
Exploration at Konongo - 3 mill
Plant Commissioning (includes 3 months
reagents and spare parts - 2 mill
Purchase and install of gravity circuit 0.50 mill
Upgrade site infrastructure 1 mill
Load and haul 3 months feed to plant 0.50 mill
Expansion studies including Metallurgical
Testwork
0.50
Working Capital 2.38 mill
Costs of the capital raising 0.52 mill
Total 10.4 mill
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