ASX Announcement Dated 01/08/06
COMPANY'S APPENDIX 5B & ACTIVITY REPORT FOR THE QUARTER ENDED 30 JUNE 2006
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“This press release is not for dissemination in the United States and shall not be disseminated to United States news services.”
SIMBERI GOLD PROJECT HIGHLIGHTS
- Placement of US$10m to international institutional clients of UK based broker, Mirabaud Securities Limited
- Optimisation of project capital, construction, owners, pre-production costs and operating costs carried out and concluded
- Significant increase in Ore Reserves and Mineral Resources scheduled for mining within designed pits from 666,000 contained ounces to 785,000 contained ounces
- Continued encouraging high grade oxide intercepts on Simberi Island at Pigicow and commencement of drilling at Tatau island
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