re: moto: pre feasibility results 28 Aug: Moto Project...

re: moto: pre feasibility results 28 Aug: Moto Project Pre-Feasiblity Study Results

http://sa.iguana2.com/cache/aa03e23b76702f29ede415b93be7fa30/ASX-MOE-332573.pdf


Please note this to be a very limited study as much more resources need to be added later:

"The PFS was based on the project’s Indicated Resources (55.40 million tonnes at 2.9 g/t Au for 5.076 million ounces of gold) and does not take into account the project’s Inferred Resources (88.63 million tonnes at 3.8 g/t Au for 10.794 million ounces of gold).

As announced in MGL’s news release of 24 August 2006, the most recent rate of conversion of inferred to indicated resources has been in excess of 100% within the key deposits".