Ann: Integration Update , page-13

that was my main take too, Maplelegion, RE reduction of exploration expenditure moving forward

The baton has been handed over from the explorer (CC) to the miner (LD). And SLR clearly believes there are sufficient ounces already defined to be developed into mines.

Davis was actually forthright about this in his October presentation in Sydney... Integra's underground resources (+500koz) will move to reserve status this year. This implies a 10-yr mine life at 100kpa for Randalls including their 500koz open pit reserves.

Now we await to see how the assets will be prioritised. Given recent exploration success at Aldiss, I wonder whether this will move ahead of Great Southern?