Ann: Coolgardie PFS Summary and Ore Reserve Upgrade, page-8

Hi @stumpytrunks

Further to your note. I believe the upside would be the full PFS with the inclusion of Brilliant would be aiming for up to 100,000 oz per annum for 4 years +. FML just needs to complete their negotiations with a third party regarding Brilliant - hopefully it will be resolved soon.

Up to 100,000 oz is predicated on:

Bonnie Vale Reserve is 123,700 oz (derived from an indicated resource of 139,000, conversion of 89%)

Greenfield Reserve is 47,100 oz (derived from an indicated resource of 72,500, conversion of 65%)

Brilliant has an indicated resource of 348,500 oz, both open pit and underground. If there was a conversion rate of 65% to 89%, that would equate to 226,525 oz to 310,165 oz maiden reserve (divide the maiden reserve by 4.5 and you get 50,339 oz to 68,926 oz per annum from Brilliant...).

I haven't taken into consideration recovery rates, and a ton of other factors - however I believe there is a reasonable chance the full PFS will indicate 80,000 oz to 100,000 oz per annum for 4 years +.

Cheers

BodoDell