resources growing quickly, page-70

re: significant increase in gold resource estimate Significant Increase in Gold Resource Estimate

http://sa.iguana2.com/cache/7d474e4a86371dd174c1d2ae175ed836/ASX-MOE-319206.pdf

Estimated resources at the Moto gold project are now:
• Indicated resources - 43.44 million tonnes at 2.7 g/t Au for 3.756 million ounces of gold; and
• Inferred resources - 100.86 million tonnes at 3.8 g/t Au for 12.353 million ounces of gold.

Comment: a total of 16.1 mill ounces and drilling is proceeding.

Highlights of the resource estimate include:
• increase of 34% in indicated resources to 3.756 million ounces of gold.
• increase of 51% in inferred resources to 12.353 million ounces of gold

• increase in grade of indicated resources from 2.5 g/t Au to 2.7 g/t Au and increase in grade of
inferred resources from 2.7 g/t Au to 3.8 g/t Au.

A further resource review is planned for the third quarter of 2006 based upon analysis of further infill
drilling results from Gorumbwa and Karagba-Chauffeur-Durba. These programmes were designed to
upgrade the existing resources from inferred to the indicated category.