Ann: Extension to SPP CLosing Date, page-20

Reserves have been an issue for a while, prior to OC acquisition try where focusing of proving up Larken and Spearpoint but to date they seem to be relatively small deposits.

OC is shaping up to be a decent size deposit and while there maybe the temptation as kojack suggest to do trial mining think try want to get a better understanding of the geology before doing so.

Seems try are going hard at it to get OC happening ASAP, I think it's possible they could be mining there early in the new F/Y and a least before the year end.

There is a lot riding on OC IMO, it needs to be at least around 500k oz. That would provide a healthy LOM extension, time and cash flow to explore and prove up other deposits.

ATM Karouni is one of the smallest mines of the Guyana shield green-stone belt, most others are multi millon oz mines so the is hope