Latest SEDAR Filing Addresses Some ConcernsThe aggregate net proceeds of the Offering are intended to be used as follows, figures expressed in 000s: Further capital development for production in the A Zone and Western Flanks (Beta Hunt Mine) $2,800
Exploration and development drilling and related activities in the A Zone, Western Flanks, Fletcher, and areas south of the Alpha Island Fault (Beta Hunt Mine) $1,200
Other capital expenditures relating to the Beta Hunt Mine (including mine ventilation, refurbishment of mobile equipment, and spares). $5,000
Capital expenditures relating to the Mill at the Higginsville Operations and integration of the Mill with the Beta Mine (including crusher product screen, replacement of secondary crusher, refurbishment of mill thickener, replace auto lubrication system on mill). $1,500
Testing the installation of HV power to the Higginsville operation and the integration of the Beta Hunt and Higginsville operations including diesel, haulage, stores and maintenance. $1,000
Geological review and exploration of the Higginsville property package. $2,000
Working capital and general corporate purposes $3,000
Total $16,500
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