re: quarterly reports Quarterly Cashflow and activities...

re: quarterly reports Quarterly Cashflow and activities Report

http://sa.iguana2.com/cache/d266a653e88f7e5db7a10b11d5f571a7/ASX-MOE-321354.pdf

Outflow: 5.31 mill and Cash 76.0 mill

Extract:
MOTO GOLD PROJECT
• Revised independent resource estimate of:
- Indicated Resource - 43.44 million tonnes at 2.7 g/t Au for 3.756 million ounces of gold; and
- Inferred Resource - 100.85 million tonnes at 3.8 g/t Au for 12.353 million ounces of gold.
• Feasibility work continued during the quarter:
- site visits completed by Lycopodium (Study manager) and Knight Piesold (Tailings dam design);
- Ammtec appointed to undertake metallurgical test work;
- prefeasibility is scheduled for completion by mid-2006.
• Infill and extension drilling during the quarter continued to identify significant gold mineralisation. A further resource review is planned for the third quarter of 2006.
• Appointment of Louis Watum as General Manager of the Company’s DRC operations.
CORPORATE
• Completion of issue of 5.5 million shares at an issue price of C$7.65 to raise approximately C$42 million.
• Commencement of trading of the Company’s shares on AIM.