why the interest?

Very positive and the sky is blue.

As stated in Fridays announcement

Transition from explorer to evaluation and producer

Change in focus from explorer to producer
Scoping study has transformed our view on Juno
and confirmed our view on operations
A change in our Management team to steer the
transition
A plan is in place to move our Tenant Creek
resources to reserve by mid 2010 and be ready
to operate at the end of that year.



Plan to be ready to mine in 2010

Tenant Creek JORC resource of 1.2m oz
and growing
Reserve drilling commencing in Q3 2009
Targeting 1 million oz of reserves in the
life of mine plan by 2010
Processing options and costing under
analysis
Scoping study targets average production
of 80,000 oz pa over 10 years indicative
cash cost of approximately A$360/ oz

Resource Potential
All resources are open in at least one dimension
High potential from Nobles Nob mullock dumps and tails
Multiple prospective resource targets
Long term target is to increase resources to 2m oz


The open pit mining of Juno is a game changer

Production of up to 140,000 oz per annum
Cash cost estimate of approximately A$360/oz
Robust economics at US$750/oz gold price
Juno stripping funded through the early
development of shallow oxide pits
A range of processing options available
Robust project financials
Pathways to value are now clear and defined

Alls Good