1 Table of Contents
1. Table of Contents 1
1.1. List of Tables 2
1.2. List of Figures 2
2. Project Panorama 3
3. Project Update 4
4. Outlook 5
5. Asset Summary 6
6. Development Overview 10
7. Geology 12
8. Challenges 13
9. Reserves and Production 14
10. Economic Analysis 17
11. Appendix 21
11.1. Contact Us 21
11.2. Disclaimer 21

1.1 List of Tables
Table 1: Project Details 3
Table 2: Participation Overview 6
Table 3: Key Valuation Metrics 6
Table 4: Asset Valuation Metrics 8
Table 5: Cash Flow Summary 9
Table 6: Fiscal Take Summary 9
Table 7: Production Summary 15
Table 8: Production Data 15
Table 9: Project Cash Flow 19

1.2 List of Figures
Figure 1: Annual Cash Flow 7
Figure 2: Full Cycle Expenditure And Revenue Split 7
Figure 3: Remaining Expenditure And Revenue Split 8
Figure 4: NPV Sensitivity 8
Figure 5: Percentage NPV Difference 9
Figure 6: Production 14