Ann: Update re Northern Star HoA, page-7

Hi Enquirer,

You left out the all important pre text, saying that the board intends to vote this way (it doesn't say they recommend us to vote the same).

Hi Pokerface,

ABU are paying a lot a month 100k 150k ish care and maintenance until the Coyote lease purchase kicks in after commissioning of plant.

Plus ABU will soon pay $2m to lease or optional $3 m to buy Coyote plant, on top of TAMs cash on hand.

Not sure if monthly payment dries up at this point.

ABUs plant commissioning is very nearly complete, then a 10,000k tonne test parcel of Old Pirate ore to confirm its recovery rate I would assume, at 30 tonne per hour crusher limitation, the first 10,000k tonne of ore is just about all mined. Operating 24 hours two weeks on one week off.

Current usable plant throughput is 720 tonnes per 24 hours on two week on 1 week off basis, this equates to 616 tonnes per day required to meet first year production guide, 150,000 tpa.

Two delivery trucks at about 90 tonne per delivery = 3.42 deliveries a day required by two trucks.

This requires 4 deliveries a day = excess ore.

Regards MarkH