seems everythings ok!

Dear Hiten

Thank you for your email dated 11 January 2011.

Please be advised that the Buena Vista feasibility study, which is premised on accessing ore solely from the West deposit, is scheduled for completion by the end of March 2011.

Kindly note that the only deadline facing the Company is the Buena Vista option exercise date of 10 May 2011. All other dates are indicative only and are provided for the benefit of shareholders and in good faith.

As I am sure you understand, the completion of any mining feasibility study involves the interaction and management of, inter alia, a number of factors, circumstances, contractors, personnel and resources, many of which can be unpredictable and outside the control of the entity undertaking the study.

For your information, the work to finalise the West pit resource estimation, the geotechnical assessment and the final metallurgical testing was completed in the December quarter. We are currently awaiting sign off of the report by the independent expert, prior to announcing the West pit resource estimation.

Please be assured that all market sensitive information is released, at all times, in accordance with the Companys continuous disclosure obligations.

To answer your question Is there a reason to be concerned? I refer you to Richmonds ASX announcements and ask that you consider those announcements and then determine whether or not there is reason for concern. Alternately, may I suggest that you seek advice from a licensed professional investment advisor. Please be advised that we are not licensed investment advisors and, as such, cannot and will not give you investment advice.

With regard to the Narracoota re-sampling and soil geochemistry survey, please be advised that weather conditions permitting, it is anticipated that this work will commence in April 2011.

Kind regards

Mike Higginson