Ann: Metallurgical Sample Update, page-26

The metallurgical sample update is appreciated buthighlights some plausible schedule slippages

• Assuming the sample left Dar Es Salaam early to mid February, allowing for shipping and customs clearance indicates a tentative date for collection in Perth say mid-end of March
• From the announcement it was suggested that samples originating from this shipment would be used as part of the Nagrom testwork program, this being the case the testwork program has not started and planned only to do so say end of March
• Allowing for a 12-16weeks testwork program forecast an end date of meaningful data for use on the DFS end of June
• DFS commencing end of June with a program of 16weeks, forecast an end date of end of Oct, +4 months dela

The 8 months forecast expenditure accounts will be interesting to assess whether the CR is sufficient to cover the DFS?

Again no ASX announcement on the preferred plant throughput size, though I suspect that the scoping study for 5&10 will be released prior to the testwork program starting, at which point some direction may be give on plant throughput and hopefully an updated schedule. 

opinion only