Well everything passed today at the meeting, so expect a name...

Well everything passed today at the meeting, so expect a name change shortly to SIHAY GOLD LIMITED & new code SIH.

Take a good read of the presentation released today, very nice read imo:




Focus on development of Sihayo Gold Project
INTO VALUE
. . .
• Two fold strategy
1. Complete Definitive Feasibility Study by late 2010
• Positive Scoping Study completed at US$800 per oz
• Feasibility team has commenced work and resource drilling underway
• Approvals and construction 2011 to mid 2012
• Aim for production by mid 2012
2. Expand current resource base
• We believe there is potential for a multi million ounce resource
• 7km long mineralised structure – open to the north
• Limited historical drilling outside current resource
• Recent exploration drilling continues to discover broad regions of additional gold
• Low discovery cost to date – US$7.50 per ounce
• Exploration drilling to continue in parallel to DFS


**Greg Entwistle – DFS Project Coordinator (Perth) 20 years Indonesian experience, ex Matarbe
project director


�� Drilling focused on 4km zone between Sihayo 2 and Sambung
�� Initial success in identifying continuous mineralisation adjacent to the main Sihayo 1N
resource at Old Camp Prospect
�� Additional success at Sihayo 2 to the north and at Sihayo 1 between the two existing
resources
�� Development of a new geological model which opens up a large area under cover to the
North and West which has not previously been explored.
�� Adaption of new geochemical techniques to expand the search area to the north and
south.
�� Aim will be to increase the potentially economic resource base by 50 to 100%.
�� Exploration drilling will continue in parallel to the DFS