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Abstract
ASX & AIM Disclosures: A newly updated Mineral Resource of predominantly sulphide mineralisation has increased the estimated Inferred Resources at Botlu to 8.4 Mt at a grade of 1.59 g/t Au for 429,000 ounces gold as at February 2011. This represents an increase of 172% from previous total Measured, Indicated and Inferred Resources of 3.4 Mt @ 1.44g/t Au containing 158,000 ounces gold. (ALD - Revised NI 43-101 Technical Report, 9/11/2010)
TSX Disclosures: A newly updated Mineral Resource of predominantly sulphide mineralisation has increased the estimated Inferred Resource at Botlu to 8.4 Mt at a grade of 1.59 g/t Au for 429,000 ounces gold, as at February 2011. This represents an increase of 172% from previous estimate with Measured and Indicated Resources of 1.7 Mt @ 1.16g/t Au containing 62,000 ounces and Inferred Resources of 1.8Mt @ 1.70g/t Au containing 96, 000 ounces (ALD - Revised NI 43-101 Technical Report, 9/11/2010).
APPENDIX 1 - Simberi Estimated Resources with updated Botlu Resource (highlighted in GREY) as at February 2011. Original Source: ALD - November 2010 REVISED TECHNICAL REPORT, Simberi Gold Project, Simberi Island, Papua New Guinea (Golder Associates Report Number: 1097641039-005-R01).3.7 Resource Simberi Resource (0.5 g/t Au cut off - depleted to eom October 2010)