Exploration and Market UpdateHIGHLIGHTSEngenho„h Continued...

Exploration and Market Update
HIGHLIGHTS
Engenho
„h Continued encouragement from ongoing drilling at Crista ¡V due for completion by end of
September with initial JORC resource expected by November 2009
„h Focus on progressing Crista towards initial open pit production commencing around
July 2010, subject to obtaining approvals
„h Further excellent results from surface trench sampling at Olhos, with assays including:
3.3m @ 7.7g/t Au; 6.0m @ 11.4g/t; 3.7 m @ 5.7g/t; 2.2 m @ 3.5g/t and 7.7m @ 7.3g/t
„h Annualised gold production expected to increase to 48,000oz per annum including
anticipated production from Crista, with the production profile for calendar 2010 expected to
be in excess of 40,000 ounces from Engenho and Crista
Jaqueira
„h Drilling scheduled to commence on 20 September and continue until February 2010
Torrecillas
„h Development work along the Torrecillas vein continues to confirm the continuity of the
mineralisation and confirm the work previously undertaken.
„h The focus over the next 6-8 months will include development work along the Torre Chico
and 5 Noviembre veins to confirm the mineralisation on these vein structures
„h This will support the logistics required to develop commercial production from multiple vein
sources as part of the continued progression towards establishing an annualised
production base of approximately 100,000 ounces