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Pebbly Hills Plans & Timelines.

Short Term Goals

The Company’s Executive Directors have decided to take a phased approach to moving the project forward over the coming months based on the results of the latest CPR and work done to date.

  • Phase 1 – Listing on the Unlisted Stock Exchange (“USX”)
  • Phase 2 – A works programme to add value to the existing economic value as disclosed in the CPR
  • Phase 3 – Listing on the Main Board (“NZX”)

Phase 1

Listing on the USX using the existing financial information and current CPR information.

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Phase 2

A works programme to add value to the existing economic value as disclosed in the CPR.

  • Additional drilling programme in the existing Pebbly Hills area;
  • Secure additional areas – 30,000 Hectare;
  • Drilling on adjacent areas – target of 400Mt thereby increasing economic value 5 fold;
  • Commence with smelter feed investigation;
  • Commence with a Gold recovery plant investigation and
  • Updating of the CPR

Phase 3

  • Listing on the Main Board (“NZX”)
  • Complete the BFS on the construction of a silica smelter
  • Prepare an updated CPR once the BFS has been completed.

Work commenced by the technical committee since the completion of the CPR in preparation for the Bankable Feasibility Study (“BFS”) taken from commentaries received from R Creasy – Chairman of the technical committee, Consultant.  Bankable Feasibility Study (“BFS”)