On track and maybe better

As released last week ore from SPP is now being extracted and processed at the nearby
Mogale plant and the work is proceeding as planned. As at last week over 72,000 tonnes
of material had been excavated from pit 1 at SPP which included over 5,200 tonnes of
ore. Under the agreement with the mining contractor West Wits receives a payment
equivalent to the value of 0.6g/t Au (approx. USD25) for each tonne of ore processed.

Michael Quinert, Chairman commented, “With gold now being poured from SPP ore this
is yet another significant step forward for the Company which will provide capacity to
further develop the significant 1.374 Moz resource. However whilst SPP is still ramping
up production very careful grade control is being implemented. We will continue to
maintain strict monitoring protocols through a rigid assay program with respect to the
grade for each tonne of ore leaving SPP and being delivered to the Mogale plant.”

The is grade higher than originally expected I suspect that WWI revenue after all cost could be as high as 1gm/t up from 0.6
The mine state are
South Africa ore near surface and underground targets of 1.374m oz JORC resource1 –
Measures: 302,300 - Indicated: 592,500 - Inferred: 489,000 o
Historic estimate of 12.8m oz at 4.6g/t o 31.8m ozs Au produced historically