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Way Linggo Mine

Production characterized by high grades and low costs from the Way Linggo mine allowed the Company to enjoy some of the most robust operating margins in the industry in the 2011 and 2012 financial years. During the 2013 financial year however, the mine entered a more mature phase of operation with grade and production levels declining. Following a comprehensive review in June 2013, the decision was made to suspend all normal mining activities at the Way Linggo mine.

A geotechnical study was commissioned during the March 2014 quarter, and will form part of the ongoing evaluation to recover the remaining remnant resource. The results from this evaluation will be used to form a mine plan, with the decision to progress with recovery of any remnant resource contingent on a review of whether the resource can be safely accessed.