Ann: Investor Presentation-AYC.AX, page-2

ok, a few more salient points from the recent HK presentation:

AYC expecting steady state production (throughput) of 10,000t in November 2016.

The plant's rated at 120k to 150ktpa - so 10kt is the monthly capacity.

10kt at 7.9 g/t, 95% recovery = 2400 oz.

This fits in with the year production target of circa 25,000 oz.

As to costs:

"Target All in Sustaining Costs below A$1,000 per oz inclusive of increased infrastructure and networks target".

Spot AUD gold is circa 1680 this morning (gold in USD 1288).

That's a very decent margin that will only look better given there appears to be a lot of significantly higher grades being drilled.