Ann: Quarterly Activities Report, page-162

Hi gassed,

I can only calculate the numbers on what has been announced to the market.

"Basic circuit improvements have been identified which would likely boost recoveries from 88% to +90% for future processing."

*know industry standard is a recovery rate of 95% - my words.

"A Heads of Agreement has previously been entered into to mine and process up to 200,000 tonnes of high grade (targeting +8 g/t Au) near surface ore from the Agate Creek Gold Project."

"Other 3rd party processing plant options available."

Presumably, if it's not EOPL under the current HOA, then another 3rd Party will be appointed under similar terms.

But irrespective of any other 3rd Party HOA, the grade in the ground (+8g/t) will not change.

Cheers,