Cash burn appears as a looming problem, expect another cap...

Cash burn appears as a looming problem, expect another cap raising.

A couple of things to be wary of:

Apex is pursuing a number of funding options in respect to the Wilsons development and will advise the market of
any material decisions immediately they are made.

Managing director’s comment
Apex managing director Mark Ashley said the changes outlined above will ensure the company meets its phase two production target of 12,500 ounces per month while maximising efficiencies and minimising costs. However, the time required to complete the implementation of the
review’s findings means this higher target is now likely to be achieved by April next year rather than late this year.