Ann: Integration Update , page-31

Hi Chuk, my understanding is that 200Koz production rate includes Magic ore as well. If you look at Page 10 in the Sept quarterly, that's what I think will be sustainable in the years ahead at Mt Monger, a mix of stope and development ore from underground (0.6 mtpa) grading about 7-8 gpt for 140/150Koz. That's at the high-end of the grade range given in the table, after sufficiently accessing/developing Haoma and Haoma West to achieve a 'steady state' production profile. Then add a further 0.3 mtpa from lower grade open pits/stock piles for 20Koz.

Processing of Magic ore would have needed a further expansion of the Lakewood plant I think although they now have more flexibility since the merger. Anyway, the mining plan details will be announced next quarter, and yep everyone agrees here that the cut-back in exploration spend is sensible with sufficient development/advanced exploration projects in the pipeline already.