Ann: Significant Resource Upgrade at McIntosh, page-2

1. "The 2016 drilling at McIntosh focussed on resource definition drilling at the Emperor and Wahoo deposits for conversion into mineable ore reserves. The Emperor and Wahoo deposits will provide the bulk of the tonnes for the initial stage of mining at McIntosh and underpin the Pre-Feasibility Study for the project. Once the Company is generating revenue from the project, exploration and development efforts will focus on significantly expanding the resource base to support many decades of mining at McIntosh” commented Hexagon’s CEO / Head of Operations, Tony Cormack.