Ann: Updated PFS Confirms Strong Economics of Sorby Hills, page-3

This announcement and some recent ones must surely put to bed Managements reputation for

always being late. This is a great announcement, like a foundation for all that is to follow. Its all

here, the whole plan, with tech details as well.

There’s way too many highlights mentioned here but a couple of talking points are;

From P5

The Dense Media Separator is capable of recognizing the purest forms of Lead or Silver as its travelling

thru the process and before it gets to the chemical flotation process it flicks or squirts the concentrated

parts off the line, saving much time and $ process.

From P10

Marketing and Lead Market;

Sorby Hills product is being marketed as a high value, high grade primary lead concentrate with substantial silver credits.

Pacifico’s research to date suggests that at a 65% contained lead grade, Pacifico’s lead concentrate will be amongst the

highest grade lead concentrate available commercially in the global market. As part of the PFS process, Pacifico engaged

MineralstoMarket as a consultant for indicative concentrate terms. The Company believes the Sorby Hills concentrate

is in high demand and has incorporated the findings regarding likely concentrate terms into the PFS.

This para leaves room to wonder if sales will be just to 25% partner Henan Yuguang or will some be made

on the open market.

Also P10

50 Staff and some contractors will be housed in Kununurra and commute daily to site. Five administration staff will

be located in Kununurra to support the operation.

Hope they get a company bus.....thats quite a drive 150 klm to work, then, when you’ve done 8 hours in

Derby type temperatures hop in your car for a 1.5 hour trip home to Kununurra. Still, thats quite a huge

saving not having to supply Kimberley cyclone proof accomodation, and all the other costs that go with it.

An impressive summary of Australias largest concentrated Lead/Silver deposit and how Pacifico intends to

monetise it. With all the usual hurdles behind us including native title, mining and export permissions

in hand, market virtually guaranteed, being part of this companies future excites me.

With most miners around the world mining at or below Silver production costs, the price can hardly go lower.

However, with Silver being touted as the most manipulated commodity of all, that Pacifico proves here that a

profit can be made at current prices is great news. Any Silver price increase will launch this puppy.