HIGHLIGHTS

Mill (GPP) commissioning ongoing due to mechanical and technical issues
Extremely high-grade assays from spinner concentrate of 18,000g/t encouraging
New winder installed at Morning Star shaft and being commissioned
Underground diamond-drilling recommenced at Morning Star mine
Surface diamond-drilling continuing at the Reliance prospect
Key staffing changes and additions (appointment of Greg Curnow as GM)
Executive search underway for CEO
MCO engages Gijima (GMSI) as mining and project consultants
Focus on upgrading in-mine infrastructure catering for expansion & efficiency
William Gooley Community Award inaugurated in Woods Point’s 150th year
MCO website re-launching shortly with microsites on history and community

Progress Reports

As flagged previously, going forward we are adjusting the way and rate of news-flow on our projects. We’d like to update our shareholders about every 4 weeks or so via an ASX progress report such as this one and a short summary of these updates will be encapsulated in a quarterly report at the appointed quarter end. In this transitional period into full gold production, we will keep you abreast of progress at site perhaps even more regularly with short updates. We are patently aware that all are excited and anxious about the step up to gold production and are fully focused thereon.