**Listing on the Australian Securities Exchange expected in...

**Listing on the Australian Securities Exchange expected in April**

I expect the IPO to be completed by the end of March.

The funds raised in the IPO will be used to purchase the partially constructed Mungana treatment plant and to reimburse Kagara for underground development already completed at Mungana. It will also be used to purchase gold ore stockpiles and further define resources.



Presumptions

Gold assets intended to be transferred from Kagara into Mungana Goldmines Ltd (Mungana) prior to the IPO

Kagara to retain a significant stake in Mungana

Kagara shareholders to receive priority entitlement to Mungana Goldmines IPO

Facts

*Combined resources of 1.85Moz gold, 180,000t copper, 13Moz silver $90M of decline and ancillary development already in place

*Mungana/Red Dome/Victoria porphyrygold deposits
Combined resources of 1.85Moz gold,180,000t copper, 13Moz silver
Gold Resources: 77Mt @ 0.8g/t Au, 0.25%Cu, 5.5g/t Ag

*Red Dome total Measured, Indicated and Inferred Resource of 40.1Mt @ 0.79g/t Au,0.30% Cu

*Mungana Indicated and Inferred Resource of 32.2Mt @ 0.81g/t Au, 12g/t Ag, 0.19% Cu26.0Mt of additional unclassified mineralisation across both deposits