Ann: KL Gold Increases 2019 Guidance and Releases MRMR Estimates, page-19

1. Impact

•  Very Positive. We see the dramatically improved outlook from management validation of our updated thesis published in Dec 2018. The consistent positive reconciliation, the very high grade drill results and the multiple upward revisions to guidance give us confidence that understanding of the mine is evolving and there is still more to come at Fosterville.

Hi Rivermore, Macquarie lift target to C$70.0 and are very bullish on KLA. Still DYOR. Tamborine