Ann: Shallow High Grade Intercepts Continue Near , page-2

re: Ann: Shallow High Grade Intercepts Contin... I've said it a few times before and I'll say it again.......this just gets better and better.

Current all in costs are ~$725 p/oz and they are working on reducing this......

"Papillon continues to focus on identifying key areas for improvement from the Pre-Feasibility Study prior to commencing the Definitive Feasibility Study, which is planned to commence this month. Areas of focus include incorporation of the new MRE into mining schedules, improved infrastructure locations and site layout as well as finalising metallurgical and communition work all aimed at further reducing capital and operating costs."

How big will this resource become......."Papillon’s Managing Director and CEO, Mark Connelly, said: “The shallow, high grade nature of these results
are very positive for Papillon as they emphasise the potential for further higher grade, low cost ounces within
the Project area. The Fekola deposit, which currently hosts 5.15 million ounces of gold in a single, large, open
pit, remains open at depth and along strike. These results highlight that the broader Fekola project area still
has exceptional resource growth potential.”

I hope long term holders get to see this develop into a fully fledged mining company, however, with a resource of this size with a lot of resource growth potential, it's hard to believe that some majors are not getting very tempted to take it out or JV it.

Cheers.