Initial capital expenditures	US$ 237.8 million
Net present value @12%	US$ 352.1 million
Internal rate of return	35.2%
Average cash operating cost per saleable tonne	US$ 31.19/tonne
Pay back period	7 years
Proven reserves	16,200,000 tonnes
Probable reserves	11,000,000 tonnes
Measured resources	57,300,000 tonnes
Indicated resources	18,900,000  tonnes
Total resources	76,200,000 tonnes

Resources are inclusive of Reserves

Key Indicators	Value
Initial Capital Expenditure to Commercial Production	US$ 14.5 million
Total life of Mine Capital Expenditure	US$ 25.0 million
Net Present Value @ 12%	US$ 14.89 million
Internal Rate of Return	42.7%
Average Operating Cost per Saleable Tonne	US$ 23.25
Pay Back Period	41 months

Resources are inclusive of Reserves