bankable feasability study

Cerro del Gallo Feasibility

current Gold and silver prices provide significant potential for a resource upgrade once the feasability study has been done.

March 2012 is the target for
release of feasibility study results
on the Cerro del Gallo silver/gold
project.

This study is expected to reflect
improved economics and more
advanced project information,
building on the $A260m nominal Net
Present Value (NPV) project scoping
study released in March 2010.

It is worth recalling that the
original scoping study used a $US900
gold and $US15 silver price.

With gold and silver spot prices
having remained at least 50-100% above
those figures for the past 11 months,
potential clearly exists for a
material increase in the attributable
NPV of Cerro del Gallo.

Foremost priority for now is Cerro del Gallo?s progression.