parker range gold project

Gold price touched AUD$1500 overnight and is now sitting at AUD$1497.

"The Company assumed a gold price of A$1,500 per ounce as part of the initial desktop studies of the Parker Range project. Given recent gold price fluctuations the Company will continue to carefully monitor this aspect of the project prior to any commencement of production."

"During the June 2013 quarter, the Company neared completion of its mining studies for the Parker Range Gold Project with a view to going into production in calendar year 2013, depending on the final outcome of studies, the approvals referred to below and the gold price."