Cibaliung is a high grade epithermal gold vein system located in West Java, 150 kilometres southwest of Jakarta. Mineable Reserves and Resources are 1.52 million tonnes at 9.8 g/t gold and 83 g/t silver, containing 480,000 ounces of gold and 4.06 million ounces of silver. A Bankable Feasibility Study was completed in mid-2004 on Cibaliung resulting in a projected six year initial mine life producting 70,000 ounces per annum of gold, with operating costs of approximately US$215 per ounce.